PSA increases Toyota production capacity to address EU concerns about its planned merger with FCA

Published: Sep 27, 2020 15:26

Save

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. "

PSA Toyota automobiles production capacity

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 23:56

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

Feb 6, 2026 23:56

Feb 6, 2026 23:54

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

Feb 6, 2026 23:54

Feb 6, 2026 23:47

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

Feb 6, 2026 23:47