Fiat Chrysler says it has withdrawn an offer to merge with French automaker Renault.
Earlier Wednesday a person briefed on the matter said FCA had reached a tentative deal with France over merger terms. The person didn’t want to be identified because the Renault board was meeting at the time. The person didn’t want to be identified because Renault’s board was still meeting late Wednesday to discuss the proposal.
The combined company would produce some 8.7 million vehicles a year, more than General Motors and trailing only Volkswagen and Toyota.France’s finance minister says Renault and Fiat Chrysler shouldn’t rush into a merger.
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It’s the best news ever ... doing business with french is a double standard manage where a french employee is worth 3 or 4 times a us or Italian one!! Ask GE when stupidly bought Alston! They are still sore
How strongly and precisely said!💋
Saw that one coming.
Very good news ! No merger with Macron !
Why? I can pretend I have three cars if that was a the case! FIAT-CHRYSLER-RENAULT
Fiat and Renault is a merger not seen since Kmart and Sears.
horacioalonso16
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