Fiat Chrysler and PSA are set to gain EU approval for their billions worth merger which will create the world’s No.4 automaker, people knowledgeable with the matter said, as they strive to meet the industry’s dual challenges of funding cleaner automobiles and the global coronavirus crisis. The green light from the European Commission would formalize […]

French automaker PSA is putting an end to the production of Peugeot and Citroën small city cars, three sources informed Reuters, withdrawing from an increasingly unprofitable market as it begins a strategic review ahead of its planned merger with Fiat Chrysler Automobiles (FCA). While the French automaker had already agreed to sell its stake in its […]

EU antitrust regulators will make decision by February 2, 2021, whether to clear Fiat Chrysler Automobiles (FCA) and French automaker’ PSA merger, a filing on the European Commission website noted on Thursday. After a two-month halt due to the coronavirus crisis, the European Commission restarted its investigation of the deal after the companies provided information which […]

French automaker PSA has offered to boost the production capacity for Japanese rival Toyota in their joint venture in a bid to win EU antitrust okay for its Fiat merger deal, people knowledgeable about the matter said on Friday. They want to sell some light commercial vehicle production capacity to Toyota, one of the sources informed. Another […]

Shares in Fiat Chrysler Automobiles (FCA) increased sharply in Milan on Tuesday after the automaker and French partner PSA modified the terms of their merger deal, with FCA’s shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which in 2019 agreed to merge to give birth to Stellantis, the […]

EU antitrust regulators have suspended their investigation into Fiat Chrysler and Peugeot maker PSA’s proposed merger while waiting for the automakers to provide requested data. “This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them,” the […]

Vauxhall has released pricing and specification for the Vivaro-e, its first factory-built, fully-electric van, set to launch in the market as more cities of the UK are welcoming and mandating emissions-free vehicles. Vivaro-e is available to order now with first deliveries taking place in October. British Gas has already declared that is has ordered 1,000 […]

EU antitrust regulators have extended their investigation into Fiat Chrysler Automobiles (FCA) and Peugeot maker PSA’s proposed $50 billion merger to November 13, the European Commission said on Tuesday. “The Commission extended the deadline in agreement with the parties,” according to a spokeswoman for the EU competition enforcer. The Commission started a four-month-long probe last […]

PSA CEO Carlos Tavares is sure that a $50 billion merger of the owner of Peugeot vehicles with Fiat Chrysler Automobiles (FCA) will proceed as planned and deliver synergies of no less than 3.7 billion euros ($4.2 billion). The deal to form the world’s fourth-largest automaker has become even more important because of the impact […]

Peugeot’s award-winning light commercial vehicle (LCV) range is now available for booking online through Peugeot Buy Online. Customers can speak to a Brand Specialist from online portals, configure and reserve their vehicle with a deposit of only $316, all from the comfort of their home. The Peugeot team will then liaise with customers to finalize […]

Fiat Chrysler Automobiles (FCA) and Peugeot maker PSA a lengthy EU antitrust investigation after refusing to offer concessions to allay EU antitrust concerns about their $50 billion merger, people knowledgeable with the matter said on Wednesday. Fiat and PSA, which are seeking to form the world’s fourth-biggest automaker, were informed last week that their combined […]

French automaker PSA said on Thursday that it would start producing surgical masks at its site in Mulhouse, located in eastern France from August. The automaker said it would have a production capacity in the country of 10 million masks per month. The training of teams committed to this project will be organized from June […]

Fiat Chrysler’s decision to scrap its dividend has set another setback for plans by the Agnelli family’s Exor arm to raise cash following a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler and Peugeot owner PSA which have agreed a tie-up to form the world’s fourth largest automaker, stated on […]

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, […]

Peugeot owner PSA is among many automakers around the world to have been hit hard by the coronavirus. The French automaker said on Monday that it would gradually resume production at sites over the course of this week. PSA said a first wave in the partial resumption in industrial activity would occur between May 4 […]