Fiat Chrysler proposes merger with French carmaker Renault

FILE - In this Feb. 14, 2019, file photo, this is the Fiat logo is mounted on a 2019 500 L on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. Fiat Chrysler is proposing a merger with French carmaker Renault aimed at saving billions of dollars for both companies.

The proposal indicated that Renault’s existing alliance with Japan’s Nissan and Mitsubishi could continue and that the companies would benefit financially from the deal through extra savings. The two are somewhat complementary: Fiat Chrysler is stronger in the U.S. and SUV markets, while Renault is stronger in Europe and on electric vehicle developments.since the November arrest of its boss and biggest champion, Carlos Ghosn, on financial misconduct charges in Japan. Together, the three companies are the biggest maker of passenger cars in the world.

Another French government official told The Associated Press that France would prefer a tie-up within the existing Renault-Nissan-Mitsubishi alliance. She said the companies have been discussing a merger for weeks but the French government was only informed last week.

However, this says nothing about the quality of vehicles that might be produced (hint: check any new models out very thoroughly before buying)

Implications for F1 ?

Oh yippie another monopoly!!!

it'll be like another link in the turd sausage that Fiat has always been.

Terrible unreliable car brands. I will stick with my Honda

Cheers, another feather in the cap for price and software manipulation!

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