Renault said on May 27 it was “studying with interest” the terms of the proposed merger with Fiat Chrysler Automobiles.
“After careful review of the terms of FCA’s friendly proposal, the board of directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance,” Renault said in a statement. “A further communication will be issued in due course to inform the market of the results of these discussions, in accordance with applicable laws and regulations,” it added.
Renault is expected to hold a board meeting on June 3 to discuss the proposal, the Financial Times reported.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fiat Chrysler proposes merger with French carmaker RenaultFiat Chrysler's proposal to merge with Renault would make the resulting company the world's No. 3 automaker. It comes at a troubled time for the Renault-Nissan-Mitsubishi alliance, following the arrest of leader Carlos Ghosn. Cheers, another feather in the cap for price and software manipulation! Terrible unreliable car brands. I will stick with my Honda it'll be like another link in the turd sausage that Fiat has always been.
Source: AP - 🏆 728. / 51 Read more »
Fiat Chrysler Unveils Renault Merger ProposalFiat Chrysler Automobiles said it was proposing a merger with Renault, a move that is likely to shake up the global automotive industry. Let’s bring back the ford pinto, if anyone can do it it’s the Italians and the French Why not? So many auto companies are on the brink of bankruptcy. They might as well merge to stay alive.
Source: WSJ - 🏆 98. / 63 Read more »
Fiat Chrysler makes merger offer to RenaultFiat Chrysler makes merger offer to French rival Renault, in a deal to create a new third-ranked global manufacturer by gpiov_ Laurence_Frost Fiat is the beast👌 Tell them to use Japanese engines, all engine peripheral parts, complete air conditioning system if they want to compete the market and make the prices affordable low prices This is free of charge consultation BlanikZ Only Renault? And what a second part from alliance, Nissan-Mitsubishi?
Source: Reuters - 🏆 2. / 97 Read more »
Fiat Chrysler submits proposal for a merger with RenaultThe combined business would be owned 50/50 between shareholders of FCA and Groupe Renault. it is a shame that Europe‘s policy did not recognize FIAT’s low CO2 fleet emissions. Having the possibility monetizing that, no market concentration would be necessary Would Nissan be included in the merger as well?
Source: CNBC - 🏆 12. / 72 Read more »
Fiat Chrysler presents plan for merger with RenaultThe Italian-US carmaker 'has today delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger', statement says.
Source: trtworld - 🏆 101. / 63 Read more »
Renault, Fiat Chrysler Discuss Merger of Equals as Part of Alliance TalksRenault and Fiat Chrysler Automobiles have discussed the possibility of a merger as they explore options for combining their businesses, according to people familiar with the matter. 1 rusty can & 1 rusty can merging. Result? 2 rusty cans. Es interesante analizar esto, ¿es Renault una empresa publica Esatatal de Francia? o es una empresa Privada? por que habria de consultarlo con el gobierno, alguien nos miente... por que son buenas las empresas estatales en el primer mundo y malas en el 3r mundo?
Source: WSJ - 🏆 98. / 63 Read more »