FILE PHOTO: A Fiat Chrysler Automobiles sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo
PARIS - Fiat Chrysler is discussing a Renault special dividend and stronger job guarantees in a bid to persuade the French government to back its proposed merger between the carmakers, sources close to the discussions said. The improved offer, if formalised and accepted, would also see the combined company’s operations headquartered in France and the French state granted a seat on its board, two people with knowledge of the matter told Reuters on Sunday.
FCA spokeswoman Shawn Morgan declined to comment. The French government, Renault’s biggest shareholder with a 15 percent stake, also declined to comment. A Renault spokesman did not immediately return calls and messages seeking comment. Italian-American FCA is engaged in intensive discussions with Renault and the French government over the $35 billion merger proposal it pitched last Monday to create the world’s third-biggest carmaker.
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Exclusive: FCA discusses improved Renault merger bid to win French backingFiat Chrysler is discussing a Renault special dividend and stronger job guarante... Fusion de Renault avec Fiat Chrysler, vers une nouvelle affaire Alstom ? Macron and his clique are quick to sell out French industry Y a 2 jours c’était non négociable, à prendre ou à laisser. La réalité c’est qu’un deal est vital à la survie de FCA, tandis que Renault n’a que très peu d’intérêt à accepter la mauvaise proposition de FCA en l’état
Source: Reuters - 🏆 2. / 97 Read more »
Nissan CEO sees no big downside to FCA-Renault mergerNissan sees no major downside to partnering with a combined Renault and Fiat Chr... Just even crappier cars....your Dodge will fall apart in 2 years vs 4... 'Come on!'...Nissan CEO will say anything to keep his share holders from panicking...until he collects his bonus and moves on... ( the rest of us know quality at nissan has taken a dump ) Rarely do I stick my neck out in business strategy. This carries hallmarks of success.CSFs will revolve around getting Unions on board & significant FTE reductions plus quality in terms of reliability & endurance in USA manufacturing sites. WednesdayWisdom. VWGroup fiat
Source: Reuters - 🏆 2. / 97 Read more »
FCA, Renault face tall odds delivering on cost-cutting promises in mergerFiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-mer... The quality of the merger depends on the operation of the quality of the borrowing and the currency of the leadership statements of the acquisition systems for the labor supply and the quality of the joining of the authorized forces The merger is about survival in a post-SUV, post $5 per gallon America. The cost-cutting promises are to placate Wall Street weirdos who can’t see past next quarter.
Source: Reuters - 🏆 2. / 97 Read more »
Italian government might ask for symmetry with Paris in FCA-Renault merger - League lawmakerItalian government will defend national interest in the FCA- Renault merger and ... continuous consolidation of the automotive industry is a sign of weakness and potential disaster. creation of too big to fail monsters will end up on the liability side of respective governments' balance sheets. this should be avoided at all costs.
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Renault to decide next week whether to proceed with FCA merger talks: sourcesRenault board members will meet informally for work sessions within days with a ... A merger between Renault and Fiat-Chrysler is completely bonkers madness. Ask AMC how their tie-up with Renault went. What, you can't ask AMC because they're dead? This would be DOA if we actually had a functioning government and a real trade representative.
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Source: TheEconomist - 🏆 6. / 92 Read more »