CCI gives nod to Peugeot and Fiat Chrysler Automobiles merger
- The Competition Commission of India (CCI) has approved the proposed merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V.
- The proposed combination pertains to merger between Peugeot S.A. (PSA) and Fiat Chrysler Automobiles N.V. (FCA).
- PSA is a publicly listed limited liability company incorporated in France. It is the holding company of a French-based group, which is mainly an original equipment manufacturer and dealer of motor vehicles, passenger cars as well as light commercial vehicles under the brands Peugeot, Citroën, Opel, Vauxhall and DS, an official release said.
- It also provides ancillary services such as financing solutions for the acquisition of motor vehicles and mobility services and solutions.
- FCA is a public company, headquartered in London, and incorporated and organised under the laws of the Netherlands.
- It is a global automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems worldwide, the release said.
About Fiat Chrysler Automobiles N.V. (FCA)-
Fiat Chrysler Automobiles N.V., often abbreviated as FCA, is an Italian-American multinational corporation and is the world’s eighth largest auto maker. The group was established in October 2014 by merging Fiat and Chrysler into a new holding company.
- Founded – 12 October 2014
- Headquarters – London, Kingdom
- Owner –Exor
- CEO – Michael Manley
About Peugeot –
Groupe PSA is a French multinational manufacturer of automobiles and motorcycles sold under the Peugeot, Citroën, DS, Opel and Vauxhall brands. Peugeot is the largest PSA brand. PSA is listed on the Euronext Paris stock exchange and is a constituent of the CAC 40 index.
- Formation – April 1976
- Founder – Citroen
- Headquarters – Rueil-Malmaison, France
- Chairman-Carlos Tavares
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