Politics, board seats and arguments over valuations could yet scupper $33bn merger Go to Source
Tag: Renault
Nissan CEO sees no major downside to $35b FCA-Renault merger
Nissan sees no major downside to partnering with a combined Renault and Fiat Chrysler (FCA), it said on Wednesday in a lukewarm endorsement of the proposed $35 billion tie-up, which would complicate an already uneasy alliance. The leaders of Nissan Motor Co, France’s Renault SA and junior partner Mitsubishi Motors Corp gathered at Nissan‘s headquarters in Yokohama for a scheduled alliance meeting which was overshadowed… Continue reading Nissan CEO sees no major downside to $35b FCA-Renault merger
Peugeot Chief Sees Fiat Deal as ‘Virtual Takeover’ of Renault
Fiat Chrysler Automobiles NV’s plan to merge with Renault SA drew criticism from the French carmaker left on its own, Groupe PSA, that contrasts with backing for the deal from investors and governments.
FCA, Renault face tall odds delivering on cost-cutting promises in merger
FRANKFURT/DETROIT (Reuters) – Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds because of the industry’s long product cycles and problems translating deal blueprints into real world success, industry veterans told Reuters. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S.… Continue reading FCA, Renault face tall odds delivering on cost-cutting promises in merger
Nissan tells Renault ‘not opposed’ to Fiat Chrysler merger plan -Nikkei
TOKYO (Reuters) – Nissan on Wednesday told Renault it wasn’t opposed to its partner’s potential $35 billion merger with Fiat Chrysler, the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry. FILE PHOTO: The logos of car manufacturers Renault and… Continue reading Nissan tells Renault ‘not opposed’ to Fiat Chrysler merger plan -Nikkei
Renault to hold board meeting to discuss FCA merger
Proposal for a “transformative merger” between FCA and Renault was announced earlier this week Go to Source
Continental Expands Product Portfolio to Include New Commercial Vehicle Drive Belts
40 new multi V-belt types for Mercedes-Benz, MAN and DAF commercial vehicles Addition of further types for Volvo, Scania, Renault and Iveco commercial vehicles planned for fall 2019 Hanover, May 2019. Technology company Continental is expanding its range of drive belts for the commercial vehicle aftermarket. More than 40 multi V-belts for the auxiliary drive… Continue reading Continental Expands Product Portfolio to Include New Commercial Vehicle Drive Belts
Ghosn is gone and the problems keep coming for Nissan
Welcome to Due Diligence, the FT’s daily deals briefing Go to Source
Renault considers FCA merger proposal
The Renault board is running the rule over the merger proposal it received from Fiat Chrysler Automobiles (FCA) last week. The deal proposed the new entity – which would have annual sales of £150bn – would be 50% owned by FCA shareholders and 50% by Groupe Renault shareholders. FCA said the deal would create the… Continue reading Renault considers FCA merger proposal
‘Hell’ for Nissan boss as merger plan raises the stakes
Prospect of Renault-Fiat Chrysler deal creates new problems for Hiroto Saikawa Go to Source