2020 Auto News News

EU has antitrust concerns about Fiat Chrysler, PSA deal, report says

BRUSSELS — Fiat Chrysler’s planned $50 billion merger, with PSA has hit a bump after EU regulators voiced concerns about the companies’ market share in small vans, indicating concessions may be required, sources said.

FCA and PSA, which are seeking to create the world’s fourth biggest automaker, were told of the European Commission’s concerns last week.

If the two companies fail to dispel those concerns in the next two days and then decline to offer concessions by Wednesday, the deadline for doing so, the deal would face a four-month investigation once the preliminary review ends.

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