PSA is willing to increase production capacity for Toyota in a bid to address European Union antitrust concerns about its planned merger with Fiat Chrysler Automobiles (FCA).
BRUSSELS/MILAN — Peugeot maker PSA has offered to boost Japanese rival Toyota to try to address EU antitrust concerns about its plan to create the world's fourth-biggest carmaker, to be called Stellantis, by merging with Fiat Chrysler, people familiar with the matter said on Friday.
PSA has offered to increase the production capacity for Toyota in their van joint venture, one of the sources said. Another source said the French company would sell the vans at close to cost.
Mitsubishi rejected allegations of German authorities saying it committed fraud by using illegal software on certain diesel models.