Renault shares plunged 8% on Thursday morning after Fiat Chrysler pulled its offer for the French carmaker. French government officials on Renault's board postponed making a decision on Wednesday. Renault wanted more time to secure the support of long-time rival Nissan. "It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully," Fiat Chrysler said. Watch Renault, Fiat Chrysler, and Nissan trade live.
Renault shares plunged 8% on Thursday morning after Fiat Chrysler pulled its offer for the French carmaker. French government officials on Renault's board postponed making a decision on Wednesday. Renault wanted more time to secure the support of long-time rival Nissan. "It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully," Fiat Chrysler said. Watch Renault, Fiat Chrysler, and Nissan trade live.
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