PARIS—Four days after Fiat Chrysler Automobiles NV proposed a merger to France’s Renault SA, a French government official phoned the Italian-American company to say France wouldn’t be forced into any deal.
Bruno Le Maire, France’s finance minister, was irritated to read in a French newspaper that Fiat Chrysler considered its proposal “non-negotiable.” The minister, who was attending the exclusive Bilderberg meeting of global business and political leaders, spoke with Fiat Chrysler chairman John Elkann and said that to the...
Every Renault owner I've known was unhappy with their vehicle. Surely operating a business in France is beyond miserable.
This reinforces we need to all have our own manufacturing and compete in the global Marketplace
But Renault-Nissan are stronger
Companies of equal values that want to improve their competitive position on the market through an company merger need a winner and a loser.
That's the French for you. If they aren't in the driving seat, forget it.
This cycle could yet be remembered for the irrational confidence of governments and failure to see the writing on the wall for their great industrial champions.
Incredible example of a failure to understand the importance of culture and the nuances of relationships. It's not just about the bottom line.
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Fiat Chrysler withdraws proposed merger with RenaultFiat Chrysler has withdrawn its proposal to merge with French automaker Renault — a deal that would have reshaped the global auto industry and helped the carmakers compete in the race for electric and self-driving vehicles. We need electric cars! Chrysler sucks anyhow.
Source: CNN - 🏆 4. / 95 Read more »
Fiat Chrysler withdraws proposed merger with RenaultFiat Chrysler has withdrawn its proposal to merge with French automaker Renault — a deal that would have reshaped the global auto industry and helped the carmakers compete in the race for electric and self-driving vehicles. How many people want to own a car that drives itself? Seems like a rolling prison to me. This sounds like an episode of Shark Tank, where they catch up with the people that didn’t get a deal or didn’t go through with a deal but then they made a name for themselves by using Shark Tank as a marketing tool. The oil companies are finding new ways to keep us hooked.
Source: CNN - 🏆 4. / 95 Read more »
Fiat Chrysler Withdraws Merger Offer for RenaultFiat Chrysler has withdrawn its proposal to merge with Renault after the French auto maker’s alliance partner, Nissan Motor, refused to back the deal. So the world’s largest manufacturer of unwanted cars ain’t gonna happen? Less than a week after they offered it? Somebody must have bought a ton of options the past days. Excellente nouvelle, Renault n’aurait jamais dû considérer une offre aussi ridicule
Source: WSJ - 🏆 98. / 63 Read more »
Fiat Chrysler withdraws merger proposal for RenaultFiat Chrysler is reportedly withdrawing its merger proposal for Renault
Source: CNBC - 🏆 12. / 72 Read more »