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Macron Throws a Wrench in Renault-Fiat Chrysler Merger Hopes

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The French president urged Renault to focus on generating cost savings with its partner Nissan, rather than reshaping their 20-year alliance

Renault SA’s hopes of resuming merger talks with Fiat Chrysler Automobiles NV took a blow Thursday when President Emmanuel Macron urged the French car maker to focus on achieving cost savings with partner Nissan Motor Co. rather than reshaping their 20-year alliance.

Fiat Chrysler withdrew its offer to merge with Renault earlier this month after the French government sought more time to ensure Nissan was on board with the deal.

 

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Macron calls for 'synergies, alliances' to strengthen Renault-NissanFrench President Emmanuel Macron's come weeks after merger talks between Renault and Italian-American group Fiat Chrysler Automobiles (FCA) were called off after FCA grew frustrated with the role the French state was playing.
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