• FCA-Peugeot Joint Note: Peer Merger, No Factory Closure, Elkann President
  • Fca and Psa (Peugeot-Citroën) confirm the contacts for a possible merger

Share

20 November 2019

Today, General Motors filed a complaint against Fiat Chrysler Automobiles, accusing its rival of having disturbed three rounds of negotiations by the American manufacturer with the United Auto Workers (the US trade union in the sector) through the payment of bribes, thus obtaining an illicit competitive advantage . Gm indicates in the act of wanting to ask for "significant damages".

The legal action of GM derives from a federal investigation still ongoing on Fca and Uaw. The general counseil of GM, Craig Glidden, indicated, speaking to journalists, that the legal action has no bearing on FCA's plans to merge with PSA and that GM does not intend to file a complaint against the Uaw.

The complaint was lodged by GM against FCA and the leaders of the group who have already pleaded guilty to the federal investigation. "At the heart of the complaint - the GM release reads - there are clear admissions made by former FCA executives revealed thanks to the criminal investigation carried out by the US Attorney's office in the East Michigan district".

Fca: cause without merit, we assume that Gm points to stop Psa
Fca says he is "amazed" by the legal action of General Motors "both for the content and for the timing". "We can only assume that it is to stop our proposed merger with Psa and the negotiations with the United Auto Workers," Fca says in a statement. "We intend to defend ourselves strongly against this cause without merit and to pursue all legal remedies to respond".