Fiat Chrysler withdraws proposed merger with Renault

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Fiat Chrysler has withdrawn its proposal to merge with French automaker Renault — a deal that would have reshaped the global auto industry and helped the carmakers compete in the race for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

The company said Wednesday that it"has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully."Earlier in the day, Renault indicated the French government requested its board of directors postpone the vote on the merger. France, which owns 15% of Renault, previously indicated that it would support a merger if the companies protect French jobs and auto plants.

But that alliance was put under extreme pressure when Renault's Chairman and CEO Carlos Ghosn was arrested in Japan last year, accused of improprieties in his pay package from Nissan.Nissan declined to comment late Wednesday on Fiat Chrysler's withdrawal. With its hands-free system, Nissan could beat Tesla at its own gameNissan, Renault and Mitsubishi Motors together employ more than 470,000 people in nearly 200 countries. They sold more than 10.6 million cars worldwide in 2018.

 

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Good. Renault is a st company who builds terrible cars. I mean c’mon....who wants to buy a French car? Not even the French want to. They’re crap.

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.

How about they just make better cars?

How many people want to own a car that drives itself? Seems like a rolling prison to me.

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The Latest: FCA withdraws merger offer with RenaultPARIS (AP) — The Latest on the potential merger of carmakers Renault and Fiat Chrysler (all times local): 1 a.m. Fiat Chrysler says it has withdrawn an offer to merge with French... horacioalonso16 Fiat and Renault is a merger not seen since Kmart and Sears. Why? I can pretend I have three cars if that was a the case! FIAT-CHRYSLER-RENAULT
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »

Fiat Chrysler withdrawing Renault merger offer blamed on French government meddlingFiat Chrysler has withdrawn an offer for a merger-of-equals with Groupe Renault, and people close to the negotiations between the two companies are pointing the finger at what they described as meddling by the French government. french and germans just buy french and german and hold back on global production of really anything right now... they aint buying ours they havent for years.. we dont need em we doin fine It's a sad moment. I really enjoyed my Renault and was hoping they'd return to the US market.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Fiat Chrysler withdraws merger offer for Renault, blames French politicsFiat Chrysler said it has abandoned its $35 billion merger offer for Renault, bl... Vive la France! 🙃
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

Fiat Chrysler withdraws merger proposal for RenaultFiat Chrysler is reportedly withdrawing its merger proposal for Renault
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

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
แหล่ง: WSJ - 🏆 98. / 63 อ่านเพิ่มเติม »

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.
แหล่ง: CNN - 🏆 4. / 95 อ่านเพิ่มเติม »