EU regulators to decide on $50 billion Fiat and Peugeot deal by June 17

FCA Peugeot

EU antitrust regulators will make a decision by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA’s $50 billion merger, according to a European Commission filing on Monday. The companies declared the deal to form the world’s fourth biggest automaker in December, putting under one roof the Italian company’s brands including Fiat, Jeep, […]

French car registrations declined by 72% in March due to coronavirus

Champs-Élysées, Paris

French car registrations dropped by over 72% in March because of the coronavirus outbreak and lockdown ordered by officials to fight the epidemic spread, France’s car industry association CCFA stated on Wednesday. Car registrations dropped by 73.43 percent last month at French automaker PSA which makes the Peugeot and Citroen brands. Car registrations at Renault dropped 71.60 […]

Renault, PSA can benefit from coronavirus measures, says French ministry

Renault Alpine A110 Sportscar 2017 Geneva show

French automakers PSA and Renault are entitled to take advantage from all measures put in place to combat the economic impact of the coronavirus outbreak, France’s Finance Ministry informed Reuters on Wednesday. Renault chairman Jean-Dominique Senard and Finance Minister Bruno Le Maire have together evaluated the prospects of the auto industry and agreed to continue […]

Peugeot merger talks progressing well, says CEO Michael Manley

FCA Peugeot

Fiat Chrysler’s CEO Michael Manley stated on Wednesday that merger talks with Peugeot owner PSA to form the world’s No. 4 automaker are progressing well and he hopes to have a deal completed under 12-14 months. Discussing with Reuters on the sidelines of an industry meeting, Manley said he doesn’t expect any major hindrance that […]