Tag: FCA

France insists any Renault/Fiat deal must protect French jobs: Le Maire

PARIS (Reuters) – France must protect its own interests and jobs in any merger between Renault and Fiat, even though France’s stake in Renault would automatically be diluted, French Finance Minister Bruno Le Maire told RTL radio on Tuesday. FILE PHOTO: John Elkann, Chairman of Fiat Chrysler Automobiles (FCA), attends the presentation of the Science… Continue reading France insists any Renault/Fiat deal must protect French jobs: Le Maire

Fiat Chrysler pitches 50-50 merger with Renault

Fiat Chrysler Automobiles has proposed a 50-50 merger plan with Renault to create the world’s third-largest automaker. FCA shared the proposal on its website, listing a number of key points that could come about from the roughly $35 billion deal. Fiat Chrysler says the combined automaker could sell 8.7 million vehicles a year. The merger… Continue reading Fiat Chrysler pitches 50-50 merger with Renault

Renault to decide next week whether to proceed with FCA merger talks -sources

PARIS, May 27 (Reuters) – Renault board members will meet informally for work sessions within days with a view to a decision early next week on whether to go ahead with Fiat Chrysler merger talks, two sources with knowledge of the matter said. The board is likely to decide next week on whether to sign… Continue reading Renault to decide next week whether to proceed with FCA merger talks -sources

Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval

MILAN/PARIS (Reuters) – Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. If it goes ahead, the $35 billion-plus tie-up would alter the landscape for rivals including General Motors and Peugeot maker PSA Group, which… Continue reading Fiat Chrysler and Renault pursue $35 billion merger to combat car industry upheaval

Fiat Chrysler proposes merger with Renault

Fiat Chrysler has made a “transformative” merger proposal for French carmaker Renault, the Italian firm said on Monday. The combined business would be 50% owned by Fiat shareholders and 50% by Renault stockholders. The carmaker said the merger would create a global automotive leader, with 8.7 million vehicle sales. Carmakers have faced pressure to consolidate… Continue reading Fiat Chrysler proposes merger with Renault

Fiat’s experience with Chrysler shows Renault deal can work – FCA chairman

MILAN, May 27 (Reuters) – Fiat’s experience with Chrysler shows the scope of what Fiat Chrysler (FCA) could achieve in the next few years if a proposed merger with Renault went through, the chairman of the Italian-American car maker said on Monday. “Based on the experience with Chrysler in these past 10 years, I’m very… Continue reading Fiat’s experience with Chrysler shows Renault deal can work – FCA chairman

Factbox: Auto industry consolidation – mega-mergers and alliances

FRANKFURT (Reuters) – Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France’s Renault in a deal that could create the world’s third-biggest carmaker and trigger a fresh round of industry consolidation. FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near… Continue reading Factbox: Auto industry consolidation – mega-mergers and alliances

Fiat Chrysler proposes merger with Renault to reshape car industry

Automotive industry Deal would create world’s third-largest automaker and ‘save €5bn a year’ by sharing research The Italian-American firm Fiat Chrysler is big in the US and SUV markets, while France’s Renault is stronger in Europe and on electric vehicle developments. Photograph: Toms Kalniņš/EPA Fiat Chrysler has proposed a merger with France’s Renault that would… Continue reading Fiat Chrysler proposes merger with Renault to reshape car industry

FCA in merger talks with Renault

Fiat Chrysler Automobiles has confirmed it is in talks about a transformative merger with its French rival Renault. The new company would be 50% owned by FCA and 50% by Renault. FCA stated the broad and complementary brand portfolio would provide full market coverage, from luxury to mainstream. Under the proposal, both carmakers would merge… Continue reading FCA in merger talks with Renault