The planned merger between the French PSA and Fiat Chrysler Automobiles (FCA) is under way. That PSA chief executive Carlos Tavares said Thursday it. The statements follow on from the previous week and started the research of the European Commission for the merger.
The new company would have too much power in the market for vans is get. According to Tavares, the research is, as yet, does not affect the planned timetable for the merger.
"We will adhere strictly to the schedule, prior to the merger with the FCA," said the president. At a meeting of shareholders, he said that he was confident that the process is on schedule for the first quarter of 2021 is being finalized.
The Commission, meantime, expressed concern that the merger will result in a lack of competition will result in the bestelbusjesmarkt in thirteen EU countries, plus the United Kingdom. The netherlands is not one of the fourteen European countries. The need for research in October have been completed.
The merger has already been approved in the United States, China, Japan, and Russia.