A merger of Fiat Chrysler Automobiles and Renault is no more

and “transformative”. The description could apply both to the proposed merger between Fiat Chrysler Automobiles and Renault announced on May 27th and its demise only ten days later. Late in the evening of June 5th the Italian-American firm, which had approached its French counterpart with the offer, announced that it was withdrawing the proposal. The share prices of both companies fell on the news.

The deal looked like a winner for both parties. Their complementary strengths in regions and products, plus a chance to share investment in electrification and self-driving cars, had convinced John Elkann, the chairman of, and Jean-Dominique Senard, his counterpart at Renault, of the wisdom of combining the two firms. This would create the world’s third-biggest carmaker.

But, it then emerged, Nissan had been kept in the dark about the deal until the last minute. It worried that the deal’s structure as a 50-50 partnership between shareholders of Renault anddid not properly acknowledge Renault’s stake in Nissan, worth some $13bn.

The government is the worst. Why can’t they just let consumers benefit from economies of scale and economic growth?

What a joke. Merge two companies that build poor quality autos and what you end up with, is even more poor quality autos. It was nothing more than an exercise in futility.

Dammit! Had a pool going on 'Fenault' or 'Riat' 😖

Let's support the Esemka-Fiat merger ! That would be a tremendous merger of this century

...and FCA will cease to exist in less than a decade...

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.

FCA withdraws merger offer as Renault board postpones decision
Source: USATODAY - 🏆 100. / 63 Read more »

FCA-Renault merger collapse a blow for Goldman and its alumni network: sourcesThe collapse of merger talks between Fiat Chrysler Automobiles(FCA) and Renault ... Collapsed? Just like both cars! What piles of junk. Not the first time 'FCA' and 'blow' have appeared in the same sentence, but the context is different this time. So one out a hundred - PHONY GOLD - got what it deserves. But will probably still make billions in losing . The epitome of corruption !
Source: Reuters - 🏆 2. / 97 Read more »

Renault shares are tanking after Fiat Chrysler scrapped their mega-mergerFiat Chrysler pulled its offer after Renault's board postponed making a decision for a second time.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fiat Chrysler, Renault Shares Drop After Merger Falls ApartFiat Chrysler and Renault shares fell early Thursday after the Italian-American car maker pulled its offer to merge with its French counterpart, a move that would have created the world’s third-largest car maker by production, valued at a combined $40 billion. Germany will not provide anything to this flotilla. merkel is to far up XiJinping arse. She is scared of loosing any commercial advantage by antagonising him. xijinping is merkels paymaster
Source: WSJ - 🏆 98. / 63 Read more »

Recriminations as Fiat Chrysler pulls merger bid for RenaultFiat Chrysler Automobiles withdrew the proposal late Wednesday, citing 'political conditions in France' after the French government, Renault's biggest shareholder, asked for five more days to review the deal and obtain support from Nissan.
Source: trtworld - 🏆 101. / 63 Read more »

Here’s how the $37-billion Fiat Chrysler-Renault merger went into the ditchIn the days before the collapse, the deal looked like it was about to get done. Then the French government made demands the Italian carmaker said went too far.
Source: latimes - 🏆 11. / 82 Read more »