
Fiat Chrysler and French rival PSA gained EU antitrust approval on Monday, December 21, for their US$38 billion merger to create the world’s No.4 carmaker after pledging to boost Japanese rival Toyota Motor.
The two carmakers are looking to the deal to help them tackle the industry’s dual challenges of funding cleaner vehicles and the global pandemic, reported Reuters.
The European Commission stated that PSA will extend its small van agreement with Toyota Motor by increasing capacity for Toyota and cutting transfer prices for the vehicles, spare parts and accessories to address EU competition concerns, confirming a Reuters story in October.
“Access to a competitive market for small commercial vans is important for many self-employed and small and medium companies throughout Europe,” European Competition Commissioner Margrethe Vestager said in a statement.
Featured News
Top Australian Law Firms Target ACCC Talent Ahead of Major Merger Reforms
May 11, 2025 by
CPI
What the Google Antitrust Trial Has Revealed So Far
May 11, 2025 by
CPI
Hamlin Remains Confident in 23XI, Front Row Antitrust Case Against NASCAR
May 11, 2025 by
CPI
Google Faces €2.97 Billion Lawsuit in Italy Over Alleged Market Abuse
May 11, 2025 by
CPI
UFC Finalizes $375 Million Settlement in Fighter Antitrust Case
May 11, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mergers in Digital Markets
Apr 21, 2025 by
CPI
Catching a Killer? Six “Genetic Markers” to Assess Nascent Competitor Acquisitions
Apr 21, 2025 by
John Taladay & Christine Ryu-Naya
Digital Decoded: Is There More Scope for Digital Mergers In 2025?
Apr 21, 2025 by
Colin Raftery, Michele Davis, Sarah Jensen & Martin Dickson
AI In the Mix – An Ever-Evolving Approach to Jurisdiction Over Digital Mergers in Europe
Apr 21, 2025 by
Ingrid Vandenborre & Ketevan Zukakishvili
Antitrust Enforcement Errors Due to a Failure to Understand Organizational Capabilities and Dynamic Competition
Apr 21, 2025 by
Magdalena Kuyterink & David J. Teece