earlier reported that the merger was called off after Renault's board failed to make a decision on the bid.
The French carmaker's board met to consider the proposal late Wednesday. Nissan's two representatives on Renault's board were withholding their support as other board members were planning to submit favorable votes for the merger, Dow Jones reported. Renault's board said in a press release late Wednesday the directors "were unable to take a decision due to the request expressed by the representatives of the French State to postpone the vote to a later Council."and combine resources. The merger would have created the world's third-largest automaker and would produce estimated sales of 8.7 million vehicles per year.
The French government said it wouldn't back the merger unless Nissan guaranteed that Renault's long-held alliance with Nissan would continue, sources told Dow Jones. Once the state requested a delay on the vote for the merger proposal, Fiat Chrysler withdrew. French Finance Minister Bruno Le Maire said earlier on Wednesday that there was no reason to rush on the merger talks between the carmakers but emphasized that he wanted the deal to move forward.Related Tags
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
FCA, Renault face tall odds delivering on cost-cutting promises in mergerFiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-mer... The quality of the merger depends on the operation of the quality of the borrowing and the currency of the leadership statements of the acquisition systems for the labor supply and the quality of the joining of the authorized forces The merger is about survival in a post-SUV, post $5 per gallon America. The cost-cutting promises are to placate Wall Street weirdos who can’t see past next quarter.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
Exclusive: FCA discusses improved Renault merger bid to win French backingFiat Chrysler is discussing a Renault special dividend and stronger job guarante... Fusion de Renault avec Fiat Chrysler, vers une nouvelle affaire Alstom ? Macron and his clique are quick to sell out French industry Y a 2 jours c’était non négociable, à prendre ou à laisser. La réalité c’est qu’un deal est vital à la survie de FCA, tandis que Renault n’a que très peu d’intérêt à accepter la mauvaise proposition de FCA en l’état
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
Exclusive: FCA discusses improved Renault merger bid to win French backingFiat Chrysler is discussing a Renault special dividend and stronger job guarante... FCAR? Chrefic? RenoFiChry? NatalyaPierce15 Bonjour!
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
FCA, France reach tentative agreement on Renault merger: sourcesFiat Chrysler Automobiles NV has reached a tentative agreement with France on th...
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
No need to rush Renault-Fiat merger talks: French finance ministerFrench Finance Minister Bruno Le Maire said there was no need to rush regarding ...
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »
Renault-Fiat merger savings matter more than priceThe French carmaker’s board may feel a proposal by its Italian-American rival takes advantage of a depressed share price. The bigger prize, though, is synergies worth 50% of combined operating profit. If those are credible, Renault should not quibble too much about valuation.
مصدر: Breakingviews - 🏆 470. / 51 اقرأ أكثر »