Fiat Chrysler presents plan for merger with Renault

📆 5/27/2019 5:00 AM
📰 ChannelNewsAsia

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

Italian-US auto giant Fiat Chrysler presented a merger proposal to France's Renault on Monday that would create the world's third largest automaker.

MILAN: Italian-US auto giant Fiat Chrysler presented a merger proposal to France's Renault on Monday that would create the world's third largest automaker.

Monday's board session would merely examine whether or not to explore the offer on the table, the source said. The Renault-Nissan-Mitsubishi alliance currently makes around 10.8 million automobiles, compared with Germany's Volkswagen and Japan's Toyota, both on around 10.6 million. Renault meanwhile has pushed ahead in electric cars but is relatively weak in North America so the two companies would be a good fit.

Write Comment

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:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fiat Chrysler makes merger offer to RenaultFiat Chrysler has made a 'transformative merger' proposal to French peer Renault, the Italian carmaker said on Monday, in a deal which would ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Nissan board nominees not broaching merger issue: memberNissan Motor Co is not considering the possibility of a merger with top shareholder Renault at the moment, and none of the nominees to the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »