According to the Competition Council, Stellantis has been approved by Toofaş within the scope of investment commitment and distribution. It has been stated that the permission is the first day of the Board of Directors.
According to the notice on the competition agency's website, the Board of Directors accepted the second commitment package provided by the parties and approved the acquisition of the Toofaş Türk Auto Aş and Stellantis Automotive Marketing Aş, Stellantis NV, with a historical decision. The cohesion of permission for investment requirements of the parties is the first time of the organization's history.
It is hoped that this decision is often static, showing that social welfare criteria based on price and output analysis should be considered with an understanding that takes into account the dynamic effects of competition and the dynamic effects of competition.
Commitments also include domestic production protection Commitments submitted by the parties include an investment plan and measures taken in sales channels as well as domestic production protection. The investment plan is being mentioned, which Tofaş is committed to increasing production and export capacity, also aimed at making an important contribution to employment. It is foreseen that the investment plan will be positively reflected in the auxiliary industry as well as the main industry of cars. The contributions of trading to the Turkish economy and the increase in social welfare through commitments are the main reason for the decision of the Board of Directors. In addition to the investment plan, the parties have presented commitments for some measures in the distribution and sales channel. Measures to eliminate the potential of consumers' interests on transactions and the potential of competitive brands to limit distribution/sales activities play an important role in permission. Therefore, it is aimed at preventing the risk of “one door (the only stop) of the dealers of the trading parties. In the final examination period, the Council received comments on a large number of competitive efforts and third parties.
Alliance tofaş-Stellantis
Fiat Chrysler Automobiles (FCA) and PSA group under Stellantis's roof in 2021 after agreement, in March 2023 FCA Group Fiat, Alfa Romeo and Jeep Brand in Türkiye, such as sales activities and after sales. Tofoş stated that Stellantis will pay 400 million euros to take over Türkiye's rights. The first commitment package presented by the parties in October 2024 was rejected by the Competition Council, not enough.
Tofaş shares have created a ceiling with the expectation yesterday Tofaş shares increased by 9.99 % yesterday with this approval expectation.