Automotive

PSA and Fiat Chrysler close in on mega-merger

Shareholders gave their blessing on Monday to a merger of carmakers PSA and Fiat Chrysler that catapults the new company "Stellantis" into fourth place globally, as the auto industry races to make the transition to cleaner ...

Business

US regulators wary of Big Tech swallowing startups

US anti-trust regulators signalled Wednesday greater scrutiny of Big Tech giants' smaller acquisitions, a potential new avenue in efforts to curb the dominance of the companies.

Business

European automakers idle plants during virus crisis

European automakers began shutting down factories Monday as governments impose confinement and other measures to curtail the coronavirus outbreak, which is expected to take a heavy toll on national economies.

Business

Fiat Chrysler posts weaker sales, higher net profit

Fiat Chrysler (FCA) has been hit by slowing sales that have afflicted the car industry worldwide, but the Italian-US automaker said Wednesday that it nonetheless managed to boost second-quarter profits.

Telecom

US lawmakers fault regulators on T-Mobile-Sprint tie-up

US Democratic lawmakers on Monday criticized the process for approving the merger of wireless carriers T-Mobile and Sprint, saying regulators downplayed the competition implications of the $26 billion deal.

Automotive

Stellantis CFO: Chip shortage impact remains 'controlled'

The Stellantis automotive company created out of the merger of Fiat Chrysler Automobiles and PSA Peugeot reported Wednesday a 14% increase in first-quarter revenues, despite a drop in production due to the semiconductor shortage.

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