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...

Sverige Senaste nytt, Sverige Rubriker

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