Behind Fiat Chrysler Automobiles NV’s proposed alliance with Renault SA lies the need to fix chronic weakness at the Italian-American company’s Fiat brand.
Unlike Fiat Chrysler’s biggest seller, Jeep, the Fiat brand consists predominantly of small cars that compete in a crowded European mass market with low profit margins. The struggles of Fiat, the group’s No. 2 brand, are an enduring problem for the parent company because the brand accounts for almost a third of vehicle volume and sucks up investment that could be spent...Carlos Ghosn resigned as chairman and CEO of French auto maker Renault.
Hahaha and do you think this is vehicle to that?
That car looks like Emmett Kelly in clown makeup.
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Fiat Chrysler presents plan for merger with RenaultThe Italian-US carmaker 'has today delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger', statement says.
Source: trtworld - 🏆 101. / 63 Read more »
Fiat Chrysler proposes merger with French carmaker RenaultFiat Chrysler's proposal to merge with Renault would make the resulting company the world's No. 3 automaker. It comes at a troubled time for the Renault-Nissan-Mitsubishi alliance, following the arrest of leader Carlos Ghosn. Cheers, another feather in the cap for price and software manipulation! Terrible unreliable car brands. I will stick with my Honda it'll be like another link in the turd sausage that Fiat has always been.
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PSA shares fall as Fiat proposes merger to rival RenaultPeugeot-maker PSA's shares fell on Monday, which some analysts put down to ...
Source: Reuters - 🏆 2. / 97 Read more »
Fiat Chrysler and Renault pursue $35 billion merger to tackle car sector challengesTo confront technological and regulatory challenges in the auto sector, Fiat Chrysler pitches a $35 billion merger to Renault Nguyễn Tiến Nghiệp chỉ biết ra lệnh Y'know, I was just looking at cars last night. Passively browsing. I just wasn't inspired by anything anyone was offering.
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Fiat Chrysler and Renault Are on the Right RoadBig personalities get in the way of big merger agreements. A tie-up between Fiat Chrysler and Renault has a better chance of succeeding than most such proposals because both companies have lost larger-than-life bosses over the past year. Really. Two companies that build crappy cars merge into one big company that builds crappy cars. That’s a win win. More bad cars from a bad Corp poisoning the world with more old tech.
Source: WSJ - 🏆 98. / 63 Read more »
Fiat Chrysler proposes Renault merger in auto industry shake-upRenault is considering a merger with Fiat Chrysler, a deal that would reshape the global auto industry and help the carmakers compete in the race for electric and self-driving vehicles. Considering history, wouldn’t be the first time Chrysler ate Renault Too many cars chasing too few customers in a business that’s ultimately in a slow but consistent decline. The ultimate waste makers 😐 Terrible quality cars 👎🏼
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