The French automaker said Monday that it would"study with interest" a proposal from Fiat Chrysler that would give its shareholders 50% ownership of a combined business with annual vehicle sales of 8.7 million. If completed, the merger would create the world's third largest carmaker behind Volkswagen and Toyota . General Motors would fall to fourth in the global rankings.Renault stock surged more than 15% in Paris on Monday, while Fiat Chrysler shares jumped around 11% in Milan.
They were formally merged in 2014. But Fiat Chrysler is a distant fourth in US sales and 8th globally. The company has also trailed its competitors in adopting electric vehicle and self-driving technology, which many deem the industry's inevitable future.Sergio Marchionne, its former CEO who passed away a year ago, had spoken openly of the need to merge Fiat Chrysler with a larger automaker to give it the scale and resources to compete.
Maybe three combined crappy car companies can churn out one decent car🤔
Reading this made my car's bumper fall off.
Because your transmission still isn’t important
Fiat = Junk. Renault = Junk. Chrysler = Junk. Owned all 3 products. Equals Super Junk!
Chrysler & fiat merged years ago & that was supposed to work but didn't so now they want to destroy another car company ?
CNN-is trying to hide the fact-Europe elections just turned -them 'PRO-TRUMP-ENGLAND,ITALY, and FRANCE-fact-23% of the remaining CNN skeletal staff-dont get CNN ay Home=hahhahahhhahhhhh
Toyota merge wiff Chevrolet to make Toylets, lmao, piss off uk fairy carland folkings.
Maybe Renault can fix my Ram TarnishedRims fcagroup
nothing good for Nissan earns more than 50% of the alliance.
Renault has an alliance with Nissan and MItsubishi, what will happen there?
I bought the first model of the Renault Alliance in 1983. It came from Chrysler-Jeep-Renault. Is Chrysler-Fiat going back to the well for more?
FCA after Renaults state handouts!
A 'powerhouse' of making really crappy cars, sure... 😜
Scottymechanic bout to drop a video 😂😂
Many, Many congratulations to PM Modi Gi to reelected by the people of India. He is the only person to grow the Indian economy and industry, hope his more success.
Terrible quality cars 👎🏼
Too many cars chasing too few customers in a business that’s ultimately in a slow but consistent decline. The ultimate waste makers 😐
Considering history, wouldn’t be the first time Chrysler ate Renault
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: Reuters - 🏆 2. / 97 Read more »