Aurora, the autonomous vehicle technology startup backed by Sequoia Capital and Amazon, has struck a deal with Fiat Chrysler Automobiles to develop self-driving commercial vehicles. The partnership will focus on integrating Aurora’s technology into FCA’s line of Ram Truck commercial vehicles, a portfolio that includes cargo vans and trucks. The deal could extend to FCA’s… Continue reading Fiat Chrysler partners with Aurora to develop self-driving commercial vans
Tag: FCA
Aurora and FCA US to collaborate on self-driving commercial vehicle platforms
Aurora and FCA US to collaborate on self-driving commercial vehicle platforms Aurora TeamBlockedUnblockFollowFollowing Jun 9 Automakers are an important partner to Aurora as we develop the Aurora Driver and the products and services it will power. Our work with them focuses on preparing their vehicles with the interfaces the Aurora Driver requires to safely operate… Continue reading Aurora and FCA US to collaborate on self-driving commercial vehicle platforms
Exclusive: FCA-Renault revival may hinge on Nissan stake cut – sources
PARIS (Reuters) – Fiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker’s alliance partner Nissan Motor Co Ltd , according to several sources close to the companies. FILE PHOTO: The logos of Renault and Fiat carmakers are seen in… Continue reading Exclusive: FCA-Renault revival may hinge on Nissan stake cut – sources
France prepared to cut Renault stake to shore up deal with Nissan: AFP
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire delivers a speech during a high-level forum on debt at the Finance ministry in Paris, France, May 7, 2019. REUTERS/Benoit Tessier/File Photo (Reuters) – French Finance Minister Bruno Le Maire said France is ready to cut its stake in Renault SA in order to shore… Continue reading France prepared to cut Renault stake to shore up deal with Nissan: AFP
Statement: Module
June 7, 2019 , Auburn Hills, Mich. – FCA US is voluntarily recalling an estimated 295,981 vehicles in the U.S. to help ensure the function of certain restraint systems. An FCA US investigation discovered certain vehicles are equipped with occupant restraint control modules that may not properly reset when their engines are turned off. This software error… Continue reading Statement: Module
FCA-Renault merger collapse a blow for Goldman and its alumni network: sources
LONDON (Reuters) – The collapse of merger talks between Fiat Chrysler Automobiles(FCA) and Renault marks a setback for a tight network of current and former Goldman Sachs’ bankers who tried to convince the French political establishment to back the deal. FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June… Continue reading FCA-Renault merger collapse a blow for Goldman and its alumni network: sources
Failed FCA-Renault deal exposes limits of French industrial intervention
* Fiat walked away from Renault deal over French politics * France has long list of state-steered unhappy deals * Government nonetheless shows no sign of relenting By Leigh Thomas PARIS, June 6 (Reuters) – Fiat Chrysler’s abrupt withdrawal of its merger offer for Renault lays bare the limits of the French government’s interventionist industrial… Continue reading Failed FCA-Renault deal exposes limits of French industrial intervention
Renault-Fiat Chrysler merger collapses
Automotive industry French government blamed as €33bn deal to create world’s third largest carmaker stalls A planned €33bn merger between Renault and Fiat Chrysler has collapsed. Photograph: Eric Gaillard/Reuters The proposed €33bn merger of Fiat Chrysler and Renault has collapsed after an intervention from the French government, Renault’s biggest shareholder. Fiat Chrysler, an Italian-American company,… Continue reading Renault-Fiat Chrysler merger collapses
France hopes “door not closed” on FCA/Renault deal – French budget minister
PARIS, June 6 (Reuters) – French budget minister Gerald Darmanin said he hoped the door had “not closed” on the possibility of a merger between Fiat Chrysler (FCA) and Renault and added France would be happy to re-examine any new proposal from Fiat.
“Talks could resume at some time in the future,” Darmanin told FranceInfo radio on Thursday.
Earlier on Thursday, Fiat Chrysler said it had abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker.
UPDATE 1-France engaged constructively in failed FCA-Renault talks -Le Maire
(Adds detail, background) PARIS, June 6 (Reuters) – France’s finance minister said on Thursday following the collapse of merger talks between Fiat Chrysler (FCA) and Renault that the government had engaged constructively but failed to win the support of Renault’s Japanese partner, Nissan. “An agreement had been reached on three of the four conditions. What… Continue reading UPDATE 1-France engaged constructively in failed FCA-Renault talks -Le Maire