Fiat Chrysler proposes merger with French carmaker Renault

FILE - In this Feb. 14, 2019, file photo, this is the Fiat logo is mounted on a 2019 500 L on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. Fiat Chrysler is proposing a merger with French carmaker Renault aimed at saving billions of dollars for both companies.

The proposal indicated that Renault’s existing alliance with Japan’s Nissan and Mitsubishi could continue and that the companies would benefit financially from the deal through extra savings. The two are somewhat complementary: Fiat Chrysler is stronger in the U.S. and SUV markets, while Renault is stronger in Europe and on electric vehicle developments.since the November arrest of its boss and biggest champion, Carlos Ghosn, on financial misconduct charges in Japan. Together, the three companies are the biggest maker of passenger cars in the world.

Another French government official told The Associated Press that France would prefer a tie-up within the existing Renault-Nissan-Mitsubishi alliance. She said the companies have been discussing a merger for weeks but the French government was only informed last week.

However, this says nothing about the quality of vehicles that might be produced (hint: check any new models out very thoroughly before buying)

Implications for F1 ?

Oh yippie another monopoly!!!

it'll be like another link in the turd sausage that Fiat has always been.

Terrible unreliable car brands. I will stick with my Honda

Cheers, another feather in the cap for price and software manipulation!

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.

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 »

Fiat Chrysler Unveils Renault Merger ProposalFiat Chrysler Automobiles said it was proposing a merger with Renault, a move that is likely to shake up the global automotive industry. Let’s bring back the ford pinto, if anyone can do it it’s the Italians and the French Why not? So many auto companies are on the brink of bankruptcy. They might as well merge to stay alive.
Source: WSJ - 🏆 98. / 63 Read more »

Fiat Chrysler makes merger offer to RenaultFiat Chrysler makes merger offer to French rival Renault, in a deal to create a new third-ranked global manufacturer by gpiov_ Laurence_Frost Fiat is the beast👌 Tell them to use Japanese engines, all engine peripheral parts, complete air conditioning system if they want to compete the market and make the prices affordable low prices This is free of charge consultation BlanikZ Only Renault? And what a second part from alliance, Nissan-Mitsubishi?
Source: Reuters - 🏆 2. / 97 Read more »