PARIS -- PSA Group and Fiat Chrysler Automobiles have submitted 14 of 24 applications to antitrust authorities as they seek to complete their merger in the next 12 to 15 months, PSA CEO Carlos Tavares said Wednesday.
Two areas of potential antitrust concern are the light-commercial vehicle market in Europe and sales of small cars in southern Europe.
PSA Group brands have a 25.1 percent share of the European van market and FCA has about a 10 percent share. PSA and FCA already jointly produce midsize vans in Italy.
The European minicar segment, which is especially large in Italy, is led by two Fiat models, the Panda and the 500, and PSA has three models in the top 10.
Together PSA and FCA had a 46 percent market share in the segment in 2019, or about 510,000 sales of a total of 1.1 million, according to data from JATO Dynamics.
Tavares said there had not yet been any feedback from regulators and that no problem areas had been identified.
"We have no reason to believe there will be any problems, including on the LCV side," he said. "But our stance is very simple: Whatever we have to discuss or modify, we will."
Until the merger closes, the two companies will remain competitors, with only very limited information exchanges allowed.
A combined PSA and Fiat Chrysler will have 14 brands with Peugeot, Citroen, Opel and Fiat among the marques competing in the mass market segments and Alfa Romeo, Maserati, Jeep and DS in the premium sectors.
Tavares said that there were no immediate plans to trim any brands from the merged company's portfolio. "What we can see is that we'll have a fantastic brand portfolio that will cover the market," he said.
After the merger closes, "we will decide what is the best way to go to market, to map the market, to cover the market, to reduce cannibalization, if there is any," Tavares said.
"For the time being I'm more excited about what we can do more of rather than what we should do less of," he said.