Stellantis: Fiat, Peugeot $38 billion merger gets antitrust approval - Business Insider

The merger would create the world's fourth-biggest carmaker, owning brands such as Jeep, Maserati, and Opel.

The carmarkers announced their intention to merge in late 2019, and expect the deal to close by the end of the first quarter of 2021.Fiat Chrysler Automobiles and French rival Peugeot gained EU antitrust approval on Monday for theirThe two carmakers are hoping the deal, which will create the world's fourth-biggest carmaker, Stellantis, will help them tackle the industry's dual challenges of funding cleaner vehicles and the global pandemic.

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