Fiat Chrysler Automobiles NV said Monday it was proposing a merger with Renault SA, a move that is likely to shake up the global automotive industry.
In a news release, the company said the combined business would be 50% owned by FCA shareholders and 50% by Groupe Renault shareholders with a “balanced governance structure.” They said the majority of the board would be independent.
My expectation is that not only automobile but also downstream oil marketing companies should consolidate going forward.
Oh great now Nissan will be pieces of shit as well
More lost jobs.
Where is Nissan?
I want my Makerbot to make me my electric SUV.
Why not? So many auto companies are on the brink of bankruptcy. They might as well merge to stay alive.
Let’s bring back the ford pinto, if anyone can do it it’s the Italians and the French
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Fiat Chrysler and Renault are in advanced talks to merge the automakersSources say the talks, which have been happening over the last several weeks, have picked up speed in recent days and could lead to an announcement regarding a merger or partnership as soon as tomorrow. They belong together. All their vehicles are garbage. 3 shitty brands. There is no short term future in electric cars or autonomous cars. They are like catching eyeballs before the dot com crash. I think I am going to develop an investor group and go buy these case off assets. History says I’ll make a fortune!!!
Source: CNBC - 🏆 12. / 72 Read more »
Renault, Fiat Chrysler Discuss Merger of Equals as Part of Alliance TalksRenault and Fiat Chrysler Automobiles have discussed the possibility of a merger as they explore options for combining their businesses, according to people familiar with the matter. 1 rusty can & 1 rusty can merging. Result? 2 rusty cans. Es interesante analizar esto, ¿es Renault una empresa publica Esatatal de Francia? o es una empresa Privada? por que habria de consultarlo con el gobierno, alguien nos miente... por que son buenas las empresas estatales en el primer mundo y malas en el 3r mundo?
Source: WSJ - 🏆 98. / 63 Read more »
Fiat Chrysler and France's Renault are reportedly in advanced talks to forge partnershipFiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The collaboration could bring the Italian-American carmaker into the Renault-Nissan-Mitsubishi Alliance.
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Fiat Chrysler, Renault in Talks for Wide-Ranging Tie-UpFiat Chrysler Automobiles and Renault are in talks for a wide-ranging tie-up that could include joining large portions of their businesses, a move that could reshape the European auto industry. Here we go again. Daimler, Cerberus, Fiat. We have a surplus, they bleed us, they close plants then sell us.
Source: WSJ - 🏆 98. / 63 Read more »