European Union opens investigation into merger between Fiat Chrysler and PSA

European Union opens investigation into merger between Fiat Chrysler and PSA


The European Commission announced that it will investigate the merger between the French group PSA (Peugeot Citroën) and the Italian-American Fiat Chrysler, fearing that this operation will reduce competition over vans in Europe. ” Commercial vans are important for individuals, SMEs and large companies when it comes to delivering goods or providing services to customers, ” said European Competition Commissioner Margrethe Vestager .

Fiat Chrysler and Peugeot SA ( PSA ) ” with their large portfolio of makes and models ” have a ” strong ” position in many European countries in this regard , added Vestager, who will assess whether the proposal ” negatively affects ” competition in these markets.

In particular, the Community executive, guardian of competition, fears a reduction in competition in Belgium, Croatia, Slovakia, Slovenia, Spain , France, Greece, Hungary, Italy, Lithuania, Luxembourg, Poland, Portugal and the Czech Republic, as well as in the United Kingdom. In early May, the French group and its Italian-American rival confirmed their willingness to merge between late 2020 and early 2021, despite the effects of the new coronavirus, which could lead to the birth of the world number 4 in the sector.

Jason Amato

Jason had joined since 2015. Along with being the chief editor of the company, he scripts an exclusive series of news reports. It is like, writing truthful and non-biased news has become an integral part of his life. The publishing relies on Jason, who offers transparency to news reporting and journalism ethics. He has a decade long taste of media industry and reporting. Those aspects assist Jason’s expertise in writing new from Business and Health sectors. The titles include reports related to companies like Tesla, Uber, Amazon, Apple, Samsung, Alibaba etc. He has also focused on the latest happenings, discoveries, and studies taking place in the health sector. You can get him in touch with at

Leave a Reply

Your email address will not be published. Required fields are marked *