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European Commission approves Fiat-Chrysler and Peugeot merger"Report" studio AIC Analytics Art Business Cultural policy Diaspora Domestic policy Ecology Education and science Energy European Games Exhibitions Finance Football Foreign policy Health ICT Incident Individual sports Industry Infrastructure Interesting Karabakh Literature Media Military Milli Majlis Multimedia Nagorno-Karabakh conflict Other countries Region Religion Show business Social security Team sports Tourism World Cup 2022
Egils Levits: ‘Relations between Latvia and Azerbaijan have developed very successfully’"Report" studio AIC Analytics Art Business Cultural policy Diaspora Domestic policy Ecology Education and science Energy European Games Exhibitions Finance Football Foreign policy Health ICT Incident Individual sports Industry Infrastructure Interesting Karabakh Literature Media Military Milli Majlis Multimedia Nagorno-Karabakh conflict Other countries Region Religion Show business Social security Team sports Tourism World Cup 2022
European automakers massively withdraw small cars from production"Report" studio AIC Analytics Art Business Cultural policy Diaspora Domestic policy Ecology Education and science Energy European Games Exhibitions Finance Football Foreign policy Health ICT Incident Individual sports Industry Infrastructure Interesting Karabakh Literature Media Military Milli Majlis Multimedia Nagorno-Karabakh conflict Other countries Region Religion Show business Social security Team sports Tourism World Cup 2022
Latvian President visits Alley of Martyrs"Report" studio AIC Analytics Art Business Cultural policy Diaspora Domestic policy Ecology Education and science Energy European Games Exhibitions Finance Football Foreign policy Health ICT Incident Individual sports Industry Infrastructure Interesting Karabakh Literature Media Military Milli Majlis Multimedia Nagorno-Karabakh conflict Other countries Region Religion Show business Social security Team sports Tourism World Cup 2022
Latvian President pays respect to National Leader Heydar Aliyev
The European Commission approved a team-up between Italo-American carmaker Fiat-Chrysler and French manufacturer Peugeot on Monday (21 December). Still, Brussels identified several concerns which the firms have pledged to address.
Fiat-Chrysler has been on the hunt for a merger partner for several years and last year looked set to join forces with Renault. However, that planned tie-up was nixed after it became clear that the French government’s influence was too powerful to mitigate.
Instead, the firm turned to Renault-rival Peugeot, whose expertise in building small compact cars and electric-vehicles made it an attractive second choice. Fiat-Chrysler’s US market access is a significant perk for the French company.
The new company, the world’s fourth-largest carmaker, will be grouped under the name ‘Stellantis,’ whose Latin root – Stello – means ‘to brighten with stars.’
Today, the merger was given the all-clear by the European Commission’s competition regulator, which has been assessing the tie-up since May 2020, when the firms notified Brussels about their plans.
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