October 21, 2020

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    Fiat Chrysler Automobiles (FCA)

    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 month, over the deal to create the world’s fourth-biggest automaker which may hurt competition in small vans in 14 EU countries and the UK.

    The move suggests that the companies will have to provide concessions to address the competition concerns. Antitrust officials in the United States, China, Japan, and Russia have already given the green light.

    Fiat , Peugeot

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