Fiat Chrysler and PSA get EU nod for $38bn merger
The deal will create the world’s fourth biggest carmaker with the merged entity to be called Stellantis
21 December 2020 - 14:00
Brussels — Fiat Chrysler Automobiles (FCA) and French rival PSA gained EU antitrust approval on Monday for their $38bn merger to create the world’s number four carmaker after pledging to boost Japanese rival Toyota Motor.
The two carmakers are looking to the deal to help them tackle the industry’s dual challenges of funding cleaner vehicles and the pandemic...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.