The proposed merger between Fiat Chrysler Automobiles NV and Renault SA would drive a “much needed” wave of consolidation among auto makers, analysts at Evercore ISI said in a note Tuesday.
“We applaud in its effort to drive much needed consolidation within the auto industry and believe this should ignite more rational industry behavior around allocation of capital, particularly in Europe and ,” the Evercore analysts said. It remains to be seen how compatible Fiat Chrysler and Renault are, with memories of the Chrysler and Germany’s Daimler AG DAI, -0.04% failed marriage between 1998 and 2007 “as a cautionary tale of what happens when two incompatible companies in auto come together,” the analysts said.
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Fiat Chrysler Unveils Renault Merger ProposalFiat Chrysler Automobiles said it was proposing a merger with Renault, a move that is likely to shake up the global automotive industry. Let’s bring back the ford pinto, if anyone can do it it’s the Italians and the French Why not? So many auto companies are on the brink of bankruptcy. They might as well merge to stay alive.
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Fiat Chrysler makes merger offer to RenaultFiat Chrysler makes merger offer to French rival Renault, in a deal to create a new third-ranked global manufacturer by gpiov_ Laurence_Frost Fiat is the beast👌 Tell them to use Japanese engines, all engine peripheral parts, complete air conditioning system if they want to compete the market and make the prices affordable low prices This is free of charge consultation BlanikZ Only Renault? And what a second part from alliance, Nissan-Mitsubishi?
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