Fiat Chrysler withdraws proposed merger with Renault

The company said Wednesday that it"has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully."Earlier in the day, Renault indicated the French government requested its board of directors postpone the vote on the merger. France, which owns 15% of Renault, previously indicated that it would support a merger if the companies protect French jobs and auto plants.

But that alliance was put under extreme pressure when Renault's Chairman and CEO Carlos Ghosn was arrested in Japan last year, accused of improprieties in his pay package from Nissan.Nissan declined to comment late Wednesday on Fiat Chrysler's withdrawal. With its hands-free system, Nissan could beat Tesla at its own gameNissan, Renault and Mitsubishi Motors together employ more than 470,000 people in nearly 200 countries. They sold more than 10.6 million cars worldwide in 2018.

Good. Renault is a st company who builds terrible cars. I mean c’mon....who wants to buy a French car? Not even the French want to. They’re crap.

This sounds like an episode of Shark Tank, where they catch up with the people that didn’t get a deal or didn’t go through with a deal but then they made a name for themselves by using Shark Tank as a marketing tool.

The oil companies are finding new ways to keep us hooked.

How about they just make better cars?

How many people want to own a car that drives itself? Seems like a rolling prison to me.

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