NO DEAL. This file photo taken on May 27, 2019, shows the logos of Italian-US carmaker Fiat Chrysler Automobiles and French auto maker Renault. Photo by Marco Bertorello/AFP
Fiat Chrysler had stunned the markets last week by proposing a"merger of equals" with the French group that would create an auto giant spanning the globe. In a statement issued after a board meeting, FCA said it"remains firmly convinced of the compelling, transformational rationale" of its proposal, which it said was"carefully balanced to deliver substantial benefits to all parties."
The deal would have created a group worth more than 30 billion euros across the two companies' namesake brands as well as Alfa Romeo, Jeep, Maserati, Dacia, and Lada.
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