Meanwhile, FCA and PSA announced they have a goal to close the merger deal by the end of the first quarter of 2021. So why is this investigation happening at all? Because neither of the automakers offered concessions to help put regulators' minds at ease. However, the merger deal has already been approved in the US, China, Japan, and Russia.
Assuming the EU ultimately gives the green light, the new automaker will bring all FCA brands, among them Jeep and Dodge, and the PSA Groupe, including Peugeot and Citroen, all under one roof. It's not like the Jeep Wrangler will suddenly begin production in, say, France, or Peugeots will return to the US market, but both companies would benefit by sharing the costs of building electric vehicles. They could each enter markets where they're currently weak.
But until October, at the earliest, this deal remains on ice.
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