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PSA increases Toyota production capacity to address EU concerns about its planned merger with FCA
Sep 27,2020 15:26CST
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SMM9, March 27 (Xinhua)-- PSA said it will increase the production capacity of its French Sevelnord van joint venture with Toyota in response to EU antitrust concerns about its planned merger with FCA, according to reports.

PSA currently produces Peugeot Expert, Citroen Jumpy and Toyota ProAce vans at the Sevelnord plant in northern France.

PSA submitted its plan to merge with FCA to the European Commission on Friday. Three months ago, the European Commission launched a full investigation into the deal because of concerns that it would hurt competition in 14 EU countries and the UK minivan industry.

So far, the program has been licensed in 14 jurisdictions, PSA and FCA said in a joint statement on Friday.

The European Commission did not set a deadline for its decision. In July, the commission suspended its investigation into the deal until the two companies provided the required data.

The European Commission said: "the deadline is still suspended. If the parties fail to provide the important information requested by the Commission in a timely manner, the consolidated investigation process will be initiated. "

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