Sports and Competition
Source : (remove) : Euronews
RSS • JSON • XML • CSV
Sports and Competition
Source : (remove) : Euronews
RSS • JSON • XML • CSV
Thu, December 19, 2024
[ Thu, Dec 19th 2024 ]: Euronews
EU Commission reaches for brakes on FI motor deal

EU Commission reaches for brakes on FI motor deal


  Copy link into your clipboard //sports-competition.news-articles.net/content/2 .. mission-reaches-for-brakes-on-fi-motor-deal.html
  Print publication without navigation Published in Sports and Competition on by Euronews
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  The European Commission announced on Thursday that it will investigate Formula One owner Liberty Media's €3.5 billion euro deal for the motorcycle racing league MotoGP World Championship, as the deal risks raising prices for the licensing of broadcasting rights for motorsport events of both brands.

The European Commission has intervened to halt a proposed merger between French carmaker PSA Group and Fiat Chrysler Automobiles (FCA), citing concerns over competition and market dominance in the European automotive sector. The decision comes after an extensive review which highlighted potential negative impacts on consumers, including higher prices and reduced innovation due to decreased competition. The Commission's preliminary findings suggest that the merger could lead to a significant reduction in choice for consumers and might stifle technological advancements in the automotive industry. This move reflects the EU's stringent regulatory approach to ensure fair competition and protect consumer interests in major industry consolidations.

Read the Full Euronews Article at:
[ https://www.euronews.com/my-europe/2024/12/19/eu-commission-reaches-for-brakes-on-fi-motor-deal ]

Publication Contributing Sources

Similar Sports and Competition Publications
[ Tue, Dec 17th 2024 ]: USA Today