October 27, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    Fiat Chrysler Automobiles (FCA)

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

    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 […]

    Fiat , Peugeot
    Peugeot 3008 images

    PSA offers to ramp up capacity for Toyota to win EU okay for Fiat deal

    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 […]

    Fiat , Peugeot
    FCA Peugeot

    EU investigation into Fiat, Peugeot deal halted as regulators await data

    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 […]

    Chrysler , Fiat , Peugeot
    Fiat Chrysler Automobiles (FCA)

    EU antitrust extend Fiat, Peugeot investigation to November 13

    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 […]

    Fiat , Peugeot
    FCA Peugeot

    Fiat, PSA to face EU antitrust probe with relation to $50 billion merger

    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 […]

    Chrysler , Fiat , Peugeot
    FCA Peugeot

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

    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, […]

    Fiat , Peugeot
    Daewoo Shipbuilding & Marine Engineering logo

    Hyundai’s $1.8 billion deal with Daewoo hits EU antitrust hurdle

    Hyundai Heavy Industries Holdings’ $1.8 billion merger with competitor Daewoo could inflate costs, EU antitrust regulators cautioned on Tuesday as they started a full-scale investigation. Hyundai is looking forward to reinforce its position as the world’s biggest shipbuilder partly in response to overcapacity in the industry. The merged company would be having a 21% market […]

    Hyundai
    Daimler logo

    Nokia, Daimler, others agreed to mediation to resolve a licensing dispute

    Nokia, Daimler, and several auto parts suppliers have agreed to independent mediation to find a solution for their technology licensing dispute, the Finnish telecoms equipment maker stated on Thursday. The move, if it leads to a successful result, could stave off a possible EU antitrust investigation after complaints by Daimler, Bury Technologies, Continental, Valeo and […]

    Daimler
    Daimler

    Nokia suspends legal action against Daimler in the hope of mediation

    Nokia has suspended legal action against Daimler in the hope that mediation will fix their dispute over technology licensing fees. The decision drew a positive response from the German automaker, which reiterated that the two firms had differing legal views on the dispute. Nokia’s pursuit of charges from Daimler has thrown a spotlight on the […]

    Daimler
    Daewoo Shipbuilding & Marine Engineering logo

    Hyundai’s $1.8 billion deal with Daewoo faces EU probe

    World No. 1 shipbuilding group Hyundai Heavy Industries Holdings’ $1.8 billion merger with competitor shipbuilder Daewoo will deal with a full-scale investigation in Europe because of severe EU antitrust concerns, two people knowledgeable with the matter stated on Monday.  Hyundai in January declared the deal to form the world’s biggest shipbuilder with a 21 percent […]

    Hyundai
    Fiat Chrysler Pacifica images

    Fiat lodges appeal to Europe’s top court against $33 million EU tax order

    Fiat Chrysler has made an appeal to Europe’s top court against an EU order to pay 30 million euros ($33 million) in Luxembourg back-taxes, looking to overturn a lower tribunal ruling backing EU antitrust regulators. Fiat lodged its appeal to the Luxembourg-based Court of Justice of the European Union (CJEU), two months following the dismissal […]

    Fiat
    Daimler

    Daimler asks EU antitrust regulators to investigate Nokia patents

    Daimler has complained to EU antitrust regulators about Nokia patents important to car communications, a move underlining the tensions between tech firms and the auto industry on the use of major technologies. Tech companies and mobile telecoms providers are playing a significant role in the auto industry, with their technologies utilized in navigation systems, vehicle-to-vehicle […]

    Daimler
    Takata air bag recall, Airbag Recall

    EU antitrust regulators fines five car airbag, seatbelt suppliers for cartel

    EU antitrust regulators fined 5 car saftey devices makers an overall of 34 million euros ($40.0 million) on Wednesday for participating in cartels to fix prices for seat belts, air bags and steering wheels to Japanese automakers. The Commission, which supervises competition policy in the European Union, stated it had identified that 4 separate cartels […]

    Cars
    2018 Volkswagen Tiguan

    EU antitrust regulators say investigating possible German auto cartel

    EU antitrust regulators are investigating accusations of a cartel among a group of German automakers, the European Commission stated on Saturday, a measure that might lead to large fines for the companies. The Commission and its German equivalent were tipped off about the possible cartel, the EU competition authority stated. “The European Commission and the […]

    BMW , Daimler , Volkswagen

    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.