Carlos Tavares, Chairman of the PSA Management Board, repeatedly affirmed : the project to merge the French carmaker with Fiat Chrysler (FCA) is highly strategic, and the two groups are ready to make “all the concessions necessary” to obtain the precious sesame of Brussels. Now that the Commission has announced the initiation of a full… Continue reading PSA / FCA: what remedies to get the green light from Brussels?
Tag: FCA
European regulators plan longer investigation of FCA, PSA Group merger plans
CLOSE Regulators in Europe plan to take a longer look at the proposed merger of Fiat Chrysler Automobiles and the maker of Peugeot, raising concerns about the potential negative impact on competition. European Commission Executive Vice President Margrethe Vestager, in remarks posted on the commission’s website Wednesday, pointed specifically at the commercial van sector as… Continue reading European regulators plan longer investigation of FCA, PSA Group merger plans
Demand spurs most Fiat Chrysler plants to skip summer shutdown
Most of Fiat Chrysler Automobiles NV’s plants in North America will not shut down for a week or two this summer after idling for two months earlier this year because of the novel coronavirus outbreak. The plants, which include Jefferson North Assembly in Detroit and Sterling Heights Assembly, will continue to run “in order to… Continue reading Demand spurs most Fiat Chrysler plants to skip summer shutdown
EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition
A four-month antitrust investigation launched by the executive brand of the European Union on Wednesday into the pending merger between Fiat Chrysler Automobiles NV and French rival Groupe PSA should not affect the companies’ goal to close their transaction by the end of March 2021, the automakers said. The probe is a setback for the… Continue reading EU opens investigation into Fiat Chrysler-PSA merger over commercial van competition
Fusion with Fiat Chrysler under scrutiny: EU Commissioner Vestager slows down PSA boss Tavares
REUTERS / Christian Hartmann PSA boss Tavares: With the merger of PSA and Fiat Chrysler, the manager finally wanted to climb into the league of large car brushes For months, PSA chief Carlos Tavares and FCA chief Mike Manley negotiated a merger. In December of last year, they finally announced the merger. But now the… Continue reading Fusion with Fiat Chrysler under scrutiny: EU Commissioner Vestager slows down PSA boss Tavares
Uber pushes into on-demand public transit with its first SaaS partnership
Uber will manage an on-demand service for Marin County in the San Francisco Bay area with a Software as a Service product as part of the ride-hailing company’s broader strategy to push into public transit. Marin Transit will pay Uber a subscription fee to use its management software to facilitate requesting, matching and tracking of… Continue reading Uber pushes into on-demand public transit with its first SaaS partnership
Beep Partners With USDOT, AV Industry, And State Transportation Departments For AV Test Initiative
ORLANDO, Fla., June 17, 2020 /PRNewswire/ — Beep, an Orlando-based autonomous shuttle service provider, is among 17 initial participants selected by the United States Department of Transportation (USDOT) and the National Highway Traffic Safety Administration (NHTSA) for the Automated Vehicle Transparency and Engagement for Safe Testing Initiative (AV TEST Initiative). The AV TEST Initiative is focused… Continue reading Beep Partners With USDOT, AV Industry, And State Transportation Departments For AV Test Initiative
EU worried Fiat-PSA deal may hit competition in vans
BRUSSELS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot maker PSA’s (PEUP.PA) proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday as they opened a four-month investigation into the deal. FILE PHOTO: Logos of Peugeot and Fiat are seen in this illustration picture taken October… Continue reading EU worried Fiat-PSA deal may hit competition in vans
FCA moves closer to state guarantee for $7.1 billion loan: source
ROME (Reuters) – Italy’s Treasury has taken a further step towards approving a state guarantee for a 6.3 billion euro ($7.1 billion) loan for Fiat Chrysler’s (FCHA.MI) Italian unit, a government source told Reuters on Wednesday. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca/File Photo The… Continue reading FCA moves closer to state guarantee for $7.1 billion loan: source
UPDATE 1-EU worried Fiat-PSA deal may hit competition in vans
BRUSSELS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot maker PSA’s (PEUP.PA) proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday as they opened a four-month investigation into the deal. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of… Continue reading UPDATE 1-EU worried Fiat-PSA deal may hit competition in vans