Bruno Le Maire said Wednesday on BFM television that the government is keeping up pressure on both carmakers to accept French government conditions for the proposed tie-up. The French state is Renault's biggest single shareholder, with a 15% stake.
Le Maire said the government wants a seat on the merged company's board and a joint headquarters in France. "Let's take the time to do things well," he said. "We want this merger, but we don't want it under just any conditions." Renault's board is meeting late Wednesday to discuss Fiat Chrysler's merger offer. It would create the world's No. 3 auto company and reshape the industry as carmakers race to make electric and autonomous vehicles for the masses.
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Fiat Chrysler discusses improved Renault merger bid to win French backingThe improved offer would also see the combined company’s operations headquartered in France and the French state granted a seat on its board
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Salvini says Italy willing to back merger of Fiat Chrysler and RenaultItaly’s Deputy Prime Minister said, ‘Clearly, we support it if it is favourable for Italian industry and workers’
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Fiat Chrysler discusses improved Renault merger bid to win French backingThe improved offer would also see the combined company’s operations headquartered in France and the French state granted a seat on its board
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Salvini says Italy willing to back merger of Fiat Chrysler and RenaultItaly’s Deputy Prime Minister said, ‘Clearly, we support it if it is favourable for Italian industry and workers’
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Nissan CEO sees no big downside to FCA-Renault mergerRenault chairman Jean-Dominique Senard arrived in Japan on Tuesday to discuss with Nissan the FCA-led proposal to create the world’s third-largest automaker
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