A PYMNTS Company

EU Extends Fiat, Peugeot Investigation To Nov. 13

By  |  July 7, 2020

EU antitrust regulators have extended their investigation into Fiat Chrysler and Peugeot maker PSA’s proposed merger to November 13, the European Commission announced on Tuesday, July 7.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “The Commission extended the deadline in agreement with the parties,” a spokeswoman for the EU competition enforcer said.

    The Commission launched a four-month long probe last month, concerned that the deal to create the world’s fourth-biggest carmaker may hurt competition in small vans in 14 EU countries and Britain.

    The move suggests that the companies will have to offer concessions to address the competition concerns. Antitrust authorities in the United States, China, Japan, and Russia have already given the green light.

    Italian-American Fiat’s brands include Fiat, Jeep, Dodge, Ram, and Maserati while French peer PSA has Peugeot, Opel, and DS.

    Full Content: Yahoo

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.