Fiat-Peugeot deal faces EU investigation over competition concerns
Regulators say the tie-up could reduce choice for small vans, which are increasingly important as digital consumers rely on delivery services
17 June 2020 - 18:42
Brussels — Fiat Chrysler Automobiles and PSA Group face a lengthy EU investigation into their deal to create the world’s fourth-biggest carmaker after regulators said the tie-up could reduce choice for small vans.
The European Commission set an October 22 deadline to examine concerns that the transaction would remove one of the main producers of light commercial vehicles in several European countries, it said in an e-mailed statement on Wednesday...
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