⁍ Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger.

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⁍ The green light from the European Commission would formalise the creation of Stellantis.

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⁍ The all-share merger announced late last year would unite brands such as Fiat, Jeep, Dodge, Ram and Maserati.

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– Fiat Chrysler and PSA are expected to win EU approval for a merger that would create the world’s fourth-largest carmaker, sources tell Reuters. The European Commission is expected to give the green light to the $38 billion merger as early as Friday, the sources say. The new company, to be called Stellantis, would include Fiat, Jeep, Dodge, Ram, and Maserati brands, as well as PSA’s Peugeot, Opel, and DS brands, the Wall Street Journal reports. The companies have said they hope to complete the merger in the first quarter of 2021. The companies have said about 40% of the savings from the merger will come from product-related expenses, 40% from purchasing, and 20% from other areas, such as marketing, IT, and logistics. The companies have said about 40% of the savings will come from product-related expenses, 40% from purchasing, and 20% from other areas, such as marketing, IT, and logistics. The companies have said about 40% of the savings will come from product-related expenses, 40% from purchasing, and 20% from other areas, such as marketing, IT, and logistics.