PSA / Fiat Chrysler merger: European Union gives conditional green light

Brussels on Monday authorized the merger between French manufacturers PSA (Peugeot, Citroën) and Italian-American Fiat Chrysler (FCA) to form the world's fourth largest automotive group, subject to commitments by the two companies to preserve competition in small utilities.

The two groups are particularly committed to extending the cooperation agreement between PSA and Toyota in small light commercial vehicles and to facilitate the access of competitors to the repair and maintenance networks of PSA and FCA for this type of vehicles. , according to a statement from the European Commission.

"We are able to authorize the merger between Fiat Chrysler and Peugeot SA as their commitments will facilitate entry and expansion into the light utility pickup market. In the other markets where the two car manufacturers currently operate, the Competition will remain strong after the merger ", said Margrethe Vestager, Vice-President of the Commission responsible for competition.

Marriage in the first quarter of 2021

The union of PSA and FCA, announced at the end of 2019, should give birth to the world's fourth largest automotive group in terms of volume and third in terms of revenue, housing iconic brands such as Peugeot, Citroën, Opel, Jeep, Alfa Romeo under the same roof. and Maserati.

The builders have planned to complete their wedding project in the first quarter of 2021. The new entity regrouping their activities will be called Stellantis.

"We are able to authorize the merger between Fiat Chrysler and Peugeot SA as their commitments will facilitate entry and expansion into the light utility pickup market. In the other markets where the two car manufacturers currently operate, the Competition will remain strong after the merger ", said Margrethe Vestager, Vice-President of the Commission responsible for competition.