Tag: FCA

Fiat Chrysler withdraws bid for Renault

Fiat Chrysler has withdrawn its merger proposal for French carmaker Renault, the Italian-American firm has said. The announcement followed a failed attempt by Renault board members to reach a decision on the offer. Renault said it had been unable to reach agreement because French government representatives had requested a postponement. The French government is the… Continue reading Fiat Chrysler withdraws bid for Renault

The Fiat Chrysler-Renault merger is dead over suboptimal ‘political conditions’

A proposed merger between Fiat Chrysler-Renault, which would have created the third largest global automaker, is off. Fiat Chrysler Automobiles withdrew its offer, The Wall Street Journal reported. FCA confirmed to TechCrunch that it has withdrawn its offer, largely due to political conditions. “FCA remains firmly convinced of the compelling, transformational rationale of a proposal… Continue reading The Fiat Chrysler-Renault merger is dead over suboptimal ‘political conditions’

UPDATE 1-Fiat Chrysler withdraws merger offer for Renault

FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard PARIS (Reuters) – Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world’s third-biggest automaker. A source close… Continue reading UPDATE 1-Fiat Chrysler withdraws merger offer for Renault

UPDATE 1-Fiat Chrysler sales chief files whistleblower suit over SEC probe

WASHINGTON (Reuters) – Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe by the U.S. Securities and Exchange Commission, court documents filed on Wednesday show. FILE PHOTO: The logo of Fiat carmaker is pictured… Continue reading UPDATE 1-Fiat Chrysler sales chief files whistleblower suit over SEC probe

Fiat Chrysler sales chief files whistleblower suit over SEC probe

FILE PHOTO: The logo of Fiat carmaker is pictured at a dealership in Orvault near Nantes, France, June 3, 2019. REUTERS/Stephane Mahe WASHINGTON (Reuters) – Fiat Chrysler Automobiles’ U.S. sales chief Reid Bigland sued the Italian-American automaker claiming the company opted to withhold 90% of his 2018 compensation because he has cooperated with a probe… Continue reading Fiat Chrysler sales chief files whistleblower suit over SEC probe

FCA, France reach tentative agreement on Renault merger -sources

FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard PARIS/MILAN (Reuters) – Fiat Chrysler has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the French carmaker’s board met to consider the bid late… Continue reading FCA, France reach tentative agreement on Renault merger -sources

M5S: “Fca-Reanault, Italy is the protagonist of negotiations to protect our interests”

The Turin M5S deputy in the Labor Commission Jessica Costanzo and the M5S council groups in the Turin and Piedmont Region intervene on the French government’s statements regarding the merger of FCA and Renault. “Serious the claim attributed to the French Ministry that would claim the headquarters in Paris and extraordinary dividends – the 5-star… Continue reading M5S: “Fca-Reanault, Italy is the protagonist of negotiations to protect our interests”

Rosso (Fdi): “Polo of luxury in Turin, Fca-Renault can be an advantage”

“The Piedmont Region and the Municipality of Turin can and must take immediate action to ensure that the Fca-Renault merger becomes a job opportunity for our territory, avoiding any risk of job loss”. Roberto Rosso, newly elected regional councilor of Brothers of Italy, believes that “if in Turin we succeed in truly establishing the pole… Continue reading Rosso (Fdi): “Polo of luxury in Turin, Fca-Renault can be an advantage”