European Union opens investigation into merger between Fiat Chrysler and PSA

European Union opens investigation into merger between Fiat Chrysler and PSA

Science

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.

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