The Fee launched a four-month lengthy probe final month, involved that the deal, between FCA and PSA, to create the world’s fourth-biggest carmaker could damage competitors in small vans in 14 EU international locations and Britain.
View Photographs
The transfer means that the businesses must supply concessions to deal with the considerations
EU antitrust regulators have prolonged their investigation into Fiat Chrysler and Peugeot maker PSA’s proposed merger to Nov. 13, the European Fee stated on Tuesday.
“The Fee prolonged the deadline in settlement with the events,” a spokeswoman for the EU competitors enforcer stated.
The Fee launched a four-month lengthy probe final month, involved that the deal to create the world’s fourth-biggest carmaker could damage competitors in small vans in 14 EU international locations and Britain.
The transfer means that the businesses must supply concessions to deal with the competitors considerations. Antitrust authorities in america, China, Japan and Russia have already given the inexperienced gentle.
Italian-American Fiat’s manufacturers embody Fiat, Jeep, Dodge, Ram, Maserati whereas French peer PSA has Peugeot, Opel and DS.
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
zero Feedback
For the most recent auto news and reviews, observe carandbike on Twitter, Facebook, and subscribe to our YouTube channel.
Source by [author_name]
