White House will look 'very carefully' at Peugeot, Fiat Chrysler deal - Kudlow
- Country:
- United States
President Donald Trump's administration will look very closely at the planned merger between Fiat Chrysler and Peugeot owner PSA, White House economic adviser Larry Kudlow said on Friday. The deal announced on Thursday would create the world's fourth-largest automaker.
"We will obviously look at it very, very carefully," Kudlow said on Bloomberg. "The president has not commented on the deal... We're not afraid of doing business with international companies, Lord knows." When asked about the 12.2% equity stake and 19.5% voting stake China's Dongfeng Motors holds in PSA, Kudlow said: "With respect to the Chinese story, we obviously are alert and on guard."
Also Read: Turkish President 'very much' wants the ceasefire to work, says Donald Trump
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Donald Trump
- administration
- PSA
- Chrysler
- Fiat
- owner
- White House
- Bloomberg
- guard
- China
- Chinese
- Lord
ALSO READ
MP: Over 20 police and Home Guard jawans injured in bus accident following poll duty
"Don't have any comment": White House mum on reports of Israeli strikes in Iran
Lok Sabha polls about safeguarding J-K's identity, saving its resources: Mehbooba
Home guard stabbed to death in Gaya SDO office
Soccer-Angry Man City boss Guardiola lashes out at FA Cup schedule despite victory