Fiat Chrysler says it has withdrawn an offer to merge with French automaker Renault.
Earlier Wednesday a person briefed on the matter said FCA had reached a tentative deal with France over merger terms. The person didn’t want to be identified because the Renault board was meeting at the time. The person didn’t want to be identified because Renault’s board was still meeting late Wednesday to discuss the proposal.
The combined company would produce some 8.7 million vehicles a year, more than General Motors and trailing only Volkswagen and Toyota.France’s finance minister says Renault and Fiat Chrysler shouldn’t rush into a merger.
It’s the best news ever ... doing business with french is a double standard manage where a french employee is worth 3 or 4 times a us or Italian one!! Ask GE when stupidly bought Alston! They are still sore
How strongly and precisely said!💋
Saw that one coming.
Very good news ! No merger with Macron !
Why? I can pretend I have three cars if that was a the case! FIAT-CHRYSLER-RENAULT
Fiat and Renault is a merger not seen since Kmart and Sears.
horacioalonso16
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FCA, Renault face tall odds delivering on cost-cutting promises in mergerFiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-mer... The quality of the merger depends on the operation of the quality of the borrowing and the currency of the leadership statements of the acquisition systems for the labor supply and the quality of the joining of the authorized forces The merger is about survival in a post-SUV, post $5 per gallon America. The cost-cutting promises are to placate Wall Street weirdos who can’t see past next quarter.
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: FCA discusses improved Renault merger bid to win French backingFiat Chrysler is discussing a Renault special dividend and stronger job guarante... Fusion de Renault avec Fiat Chrysler, vers une nouvelle affaire Alstom ? Macron and his clique are quick to sell out French industry Y a 2 jours c’était non négociable, à prendre ou à laisser. La réalité c’est qu’un deal est vital à la survie de FCA, tandis que Renault n’a que très peu d’intérêt à accepter la mauvaise proposition de FCA en l’état
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: FCA discusses improved Renault merger bid to win French backingFiat Chrysler is discussing a Renault special dividend and stronger job guarante... FCAR? Chrefic? RenoFiChry? NatalyaPierce15 Bonjour!
Source: Reuters - 🏆 2. / 97 Read more »
Fiat Chrysler withdraws merger proposal for RenaultFiat Chrysler is reportedly withdrawing its merger proposal for Renault
Source: CNBC - 🏆 12. / 72 Read more »
Fiat Chrysler Withdraws Merger Offer for RenaultFiat Chrysler has withdrawn its proposal to merge with Renault after the French auto maker’s alliance partner, Nissan Motor, refused to back the deal. So the world’s largest manufacturer of unwanted cars ain’t gonna happen? Less than a week after they offered it? Somebody must have bought a ton of options the past days. Excellente nouvelle, Renault n’aurait jamais dû considérer une offre aussi ridicule
Source: WSJ - 🏆 98. / 63 Read more »