EU regulators to decide on Fiat-PSA deal by February 2021

by SpeedLux
Fiat Chrysler Automobiles (FCA)

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 it had requested.

PSA has offered to make changes to its van joint venture with Japanese automaker Toyota to try to allay EU antitrust concerns regarding its plan to create the world’s fourth-biggest automaker with Fiat Chrysler (FCA), people familiar with the matter informed Reuters.

The EU executive will now seek feedback from competitors and consumers before deciding whether to accept the offer or demand more.

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