Automotive

Coronavirus calls into question PSA-Fiat Chrysler merger

Will they or won't they? On top of massive economic damage, the coronavirus pandemic now is casting doubt over the pending merger of PSA Group and Fiat Chrysler (FCA), financial sources told AFP.

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.

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

Australian court approves $10 bn Vodafone-TPG merger

Two of Australia's largest telecommunications firms appear set to merge, after a court ruled on Thursday that the multi-billion-dollar deal between Vodafone and TPG would not pose a major threat to competition.

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.

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