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    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    How lucky are Indian children in the United States to get out of a "boarding school" alive?

    How lucky are Indian children in the United States to get out of a “boarding school” alive?

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Want to go to Mars? Solve these problems first.

    Want to go to Mars? Solve these problems first.

    Pakistan lifts TikTok's ban again

    Pakistan lifts TikTok’s ban again

    Facebook platforms have become a tool for inciting religious hatred in India

    Facebook platforms have become a tool for inciting religious hatred in India

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    scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

    scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

    Schedule of the 2024 Paris Olympic Games announced

    Schedule of the 2024 Paris Olympic Games announced

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

    Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

    Messi was named IFFHS Player of the Best South American Player

    Messi was named IFFHS Player of the Best South American Player

    Countdown clock for the 2022 Qatar World Cup starts timing

    Countdown clock for the 2022 Qatar World Cup starts timing

    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

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    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    8 cases of hepatitis in children with unknown causes were found in Argentina

    8 cases of hepatitis in children with unknown causes were found in Argentina

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

    Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

    Is another "pandemic storm" coming? WHO issued a warning!

    Is another “pandemic storm” coming? WHO issued a warning!

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      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      How lucky are Indian children in the United States to get out of a "boarding school" alive?

      How lucky are Indian children in the United States to get out of a “boarding school” alive?

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Want to go to Mars? Solve these problems first.

      Want to go to Mars? Solve these problems first.

      Pakistan lifts TikTok's ban again

      Pakistan lifts TikTok’s ban again

      Facebook platforms have become a tool for inciting religious hatred in India

      Facebook platforms have become a tool for inciting religious hatred in India

      Trending Tags

      • Google
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      scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

      scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

      Schedule of the 2024 Paris Olympic Games announced

      Schedule of the 2024 Paris Olympic Games announced

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

      Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Messi was named IFFHS Player of the Best South American Player

      Messi was named IFFHS Player of the Best South American Player

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    • Lifestyle
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      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

      Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      Is another "pandemic storm" coming? WHO issued a warning!

      Is another “pandemic storm” coming? WHO issued a warning!

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      YC News

      The European Union approved the merger of Italian and French auto giants, and the world’s fourth largest car company will come out.

      December 22, 2020
      in Business
      0
      The European Union approved the merger of Italian and French auto giants, and the world's fourth largest car company will come out.

      After nearly half a year of deliberation, the European Commission’s antitrust agency approved the merger application of Peugeot Citroën (PSA) and Fiat Chrysler (FCA) on December 21 local time.

      The merger of the two companies is expected to be completed in the first quarter of next year, becoming the fourth largest automobile company in the world in terms of production. However, the European Commission’s approval is still conditional on companies to open up competition in the field of vans.

      Forbes and Reuters reported on December 21 that the European Commission’s Competition Department approved the same day, marking the merger of Citroën and Fiat Chrysler to form the new company Stellantis for $38 billion, which is also the largest and most important car deal in 2020.

      Stellantis’ name comes from the Latin “Stella” (star). After the merger, the original brands of the two companies, such as Opel, Citroën, Peugeot, Chrysler, Jeep, Alfa Romeo, Lancia, Abbas or Dodge, have been retained. The merger is planned to be voted by shareholders at the end of January next year.

      The two companies said in a statement: “Peugeot Citroën and Fiat Chrysler Group warmly welcome the European Commission’s approval of the merger and establishment of Stellaantis, which will become the world’s leading new car company. The merger is expected to be completed by the end of the first quarter of next year.”

      However, the EU still has requirements for mergers, mainly in the field of small commercial vehicles. In early July this year, the EU antitrust agency launched an in-depth review of the merger application. At that time, the European Union was worried that the merger would have an impact on the competition for small commercial trucks under 3.5 tons.

      In the small commercial truck market in many countries, the top-selling models are basically from Citroën and Fiat Chrysler. Therefore, according to a statement from the European Commission, after the merger, one of the two most important competitions will exit the market.

      After that, the two companies adjusted the wording of the merger proposal to respond to the concerns of the European Commission and customers, and finally passed the trial. The European Commission said that the two companies will allow competitors to use their truck repair and maintenance networks to help new entrants expand the market.

      Mark Citroën also proposed to increase the production of its joint venture with Toyota in Japan and sell commercial trucks at a price close to cost.

      Forbes reported that the merger will create the fourth largest automobile group in the world, after Volkswagen Group, Toyota, and the troubled Renault Nissan Alliance, and will surpass Ford and General Motors in the process. The group will have a strong group of brands, from Ram and Jeep to Peugeot, Citroën and Opel.

      However, there are also some brands under the group that are currently performing poorly, such as DS, Dodge, Alfa Romeo, Fiat, Blue Banner, Chrysler and Maserati.

      Stellantis aims to cut operating costs by $6 billion a year while keeping all plants running. Forbes said that the merger was actually a “acquisition” of Fiat Chrysler by French companies.

      Fiat Chrysler’s controlling shareholder is Exor, the holding company of the Italian Agelli family, while investors marked Citroën include the Peugeot family, the French government and Dongfeng Motor Company from China.

      Tags: Europe

      Related Posts

      Ahletner, chairman of Deutsche Bank, steps down

      Ahletner, chairman of Deutsche Bank, steps down

      May 19, 2022
      0

      Deutsche Bank, Germany's largest commercial bank, announced on May 19 local time that Paul Achleitner, the chairman of the bank,...

      Ukrainian customs officials confirmed that Ukraine is importing a large number of luxury cars in the name of military assistance, causing dissatisfaction among Ukrainian citizens.

      Ukrainian customs officials confirmed that Ukraine is importing a large number of luxury cars in the name of military assistance, causing dissatisfaction among Ukrainian citizens.

      May 17, 2022
      0

      According to the Russian Sputnik News Agency, Alexander Schutsky, deputy director of the Ukrainian Customs Administration, said on the 15th...

      U.S. gasoline prices set a new record again. media: It may exacerbate inflation

      U.S. gasoline prices set a new record again. media: It may exacerbate inflation

      May 17, 2022
      0

      May 17 - According to CNN, data released by the American Automobile Association showed that on the 16th local time,...

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      U.S. police: American soldiers kidnapped their comrades-in-arms and dragged them to kill them more than 400 kilometers away.

      U.S. police: American soldiers kidnapped their comrades-in-arms and dragged them to kill them more than 400 kilometers away.

      South Korea carries out a new round of cabinet reshuffle to replace the prime minister and five ministers

      Last year, nearly 160,000 people in South Korea took parental leave, 16 times more men than 10 years ago.

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