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  • Fiat, Chrysler and P S a looks set to win you approval for a $38 billion merger that would create the world's number four car maker.

  • That's according to sources close to the matter.

  • The automakers hope the tie up will help fund a shift to cleaner vehicles.

  • If the EU gives the go ahead, it would formalize the creation of a group called Stella Antis.

  • It could use profits made from selling pickup trucks and SUVs in the U.

  • S to pay for the development of zero emission vehicles for sale in Europe and China.

  • The all share merger was announced late last year on would unite brands such as Fiat, Jeep and Dodge with the likes of Persia and Citrine.

  • It would also aim to make annual cost cuts of $6 billion without closing factories.

  • To allay EU antitrust concerns, P S.

  • A has offered to strengthen Japanese rival Toyota, with which it has a joint van venture by ramping up production and selling vans that close to cost price.

  • FC A and P S A will also allow their dealers in certain cities to repair rival brands.

  • The sources said that you decision could come by the end of the year ahead of the official deadline of February 2nd.

  • The two automakers have said they hoped to complete the merger by the first quarter next year.

  • The European Commission and Italian American group Fiat Chrysler declined to comment.

  • Francis P.

  • Ece also did not immediately respond.

  • Chairs were up in both companies Monday.

  • P S A rose around 3% while Fiat Chrysler gained as much as 6%.

Fiat, Chrysler and P S a looks set to win you approval for a $38 billion merger that would create the world's number four car maker.

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B1 fiat merger eu approval rival selling

Fiat, PSA to win EU approval for merger - sources

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    林宜悉 posted on 2020/10/28
Video vocabulary

Keywords

matter

US /ˈmætɚ/

UK /'mætə(r)/

  • verb
  • To be of great importance; to count
  • noun
  • Material all things are made of that fills space
  • Problem or reason for concern
immediately

US /ɪˈmidiɪtli/

UK /ɪˈmi:diətli/

  • adverb
  • Without any delay; straight away
  • Without any delay; at once.
  • Very closely in space or time; next to.
  • Directly and personally.
  • Following or preceding without any interval of time or space.
  • Without any delay; instantly.
decline

US /dɪˈklaɪn/

UK /dɪ'klaɪn/

  • verb
  • To bend towards the ground
  • To lessen in quality or value
  • To not accept an invitation or offer; refuse
  • other
  • To decrease in quantity or importance.
  • To slope downward.
  • To become smaller, fewer, or less; decrease.
  • noun
  • (In grammar) the variation in the form of a noun, pronoun, or adjective, by which its case, number, and gender are identified.
  • A gradual and continuous loss of strength, numbers, quality, or value.
  • A lowering in quality or value
  • A downward slope.
  • other
  • (In grammar) to state all the forms of (a noun, pronoun, or adjective) showing its different cases, numbers, and genders.
  • To politely refuse (an invitation or offer).
comment

US /ˈkɑmɛnt/

UK /'kɒment/

  • noun
  • Something you say, giving an opinion; remark
  • An explanatory note in the source code of a computer program.
  • An explanatory note in a computer program.
  • A verbal or written remark expressing an opinion or reaction.
  • verb
  • To say something that gives your opinion
  • other
  • To add explanatory notes to the source code of a computer program.
  • To add explanatory notes to a computer program.
  • To express a negative opinion or criticism
  • To express an opinion or reaction verbally or in writing.
  • other
  • To express an opinion or reaction verbally or in writing.
shift

US /ʃɪft/

UK /ʃɪft/

  • other
  • To change or move from one position or direction to another.
  • To change in character or form.
  • other
  • To move (something or someone) to a different position.
  • To change (something) in character or form; alter.
  • To arrange (workers) in shifts.
  • noun
  • A change in a persons plans, opinions or beliefs
  • A simple, often unfitted dress.
  • A key on a keyboard used to select uppercase letters and other alternative characters.
  • A displacement of rock along a fault.
  • A mechanism for changing gears in a vehicle.
  • A period of time worked by a group of workers who replace another group.
  • Period of work starting at a certain time
  • verb
  • To change in position or direction
  • To move something from one place to another
  • adjective
  • (Of work) starting at a certain time, as at night
venture

US /ˈvɛntʃɚ/

UK /'ventʃə(r)/

  • adjective
  • (Business activity) taking chances or risks
  • noun
  • (Business) activity involving calculated risks
  • A risky or daring journey or undertaking.
  • verb
  • To risk something, such as money
  • To face the dangers, take the risk of something
  • To say something; to dare to speak your mind
  • Dare to do something or go somewhere that may be dangerous or unpleasant.
  • other
  • To dare to do something or go somewhere.
  • other
  • To risk (something) on a chance.
  • To express (something) tentatively or cautiously.
decision

US /dɪˈsɪʒən/

UK /dɪ'sɪʒn/

  • noun
  • Choice made after thinking; final judgment
  • Ability to make quick and confident choices
  • The act or process of deciding something.
  • A conclusion or resolution reached after consideration in a business context.
  • A choice that you make about something after thinking about it
  • The act or result of deciding; a conclusion or resolution.
  • A formal judgment on a matter in dispute
  • A choice made by an individual concerning their own life or affairs.
  • The act or process of deciding something.
  • A judgment or verdict reached or given
complete

US /kəmˈplit/

UK /kəm'pli:t/

  • other
  • Finish making or doing.
  • To finish making or doing something.
  • Provide all the parts or elements of.
  • Bring (something) to an end; finish.
  • adjective
  • Being finished; done; achieved
  • Having all the necessary or appropriate parts.
  • Being as perfect and as total as could be
  • Including all or everything; total.
  • Used to emphasize that something is the case totally.
  • verb
  • To finish or reach the end of doing something
  • noun
  • A full set.
rival

US /'raɪvl/

UK /'raɪvl/

  • adjective
  • Matching the quality, skill, et. of others
  • Opposing; being the team you compete against
  • verb
  • To be nearly as good as others in quality, skill
  • To be in opposition often as competitors
  • noun
  • Someone you are competing against/trying to beat
create

US /kriˈet/

UK /krɪ'eɪt/

  • verb
  • To make, cause, or bring into existence
  • other
  • To cause something to happen; to give rise to a particular situation or state.
  • To invent or design something new
  • To bring something into existence; to make or produce something new.