ECB Autos, at your service!
So I've just seen that the Peugeot x Fiat merger is likely to be accepted by the EU.
Way to go.
In my view, this is the start of more consolidations across the Eurozone to give the air that there is some stability.
There is no way this doesn't get approved.
See I checked the ECB's CSPP (Corporate Sector Purchase Programme) holdings, and lo and behold, Peugeot and Fiat Chrysler are beneficiaries of ECB financing.
It's just piling shite into shite.
Fiat has traditionally been a firm which acquires other car companies.
It was founded by a group of investors