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Fiat Chrysler proposes 50:50 merger with Renault

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The car manufacturing industry faces increasing cost pressures as regulators push for the production of electric cars.

France's government, which has a 15% stake in Renault, has concerns about the new potential merger.

Earlier this month, FCA chief executive Mike Manley said he believed there would be"significant opportunities" for strategic partnerships over the next couple of years.Carmakers are currently seeking to develop technologies for electric vehicles, net connectivity and artificial intelligence.

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Fiat and Renault could merge to create one of the world’s biggest car companiesTie-up aims to save billions as industry moves towards electric and autonomous vehicles Can't see the French agreeing to that. What will Nissan do? Arrest more Renault people?
Source: The Independent - 🏆 80. / 59 Read more »