Fiat Chrysler Unveils Renault Merger Proposal

Fiat Chrysler Automobiles NV said Monday it was proposing a merger with Renault SA, a move that is likely to shake up the global automotive industry.

In a news release, the company said the combined business would be 50% owned by FCA shareholders and 50% by Groupe Renault shareholders with a “balanced governance structure.” They said the majority of the board would be independent.

My expectation is that not only automobile but also downstream oil marketing companies should consolidate going forward.

Oh great now Nissan will be pieces of shit as well

More lost jobs.

Where is Nissan?

I want my Makerbot to make me my electric SUV.

Why not? So many auto companies are on the brink of bankruptcy. They might as well merge to stay alive.

Let’s bring back the ford pinto, if anyone can do it it’s the Italians and the French

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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 »