Tag: Renault

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

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

How Renault, Fiat Chrysler could save through sharing

(Reuters) – If French automaker Renault green-lights a proposed merger with Fiat Chrysler Automobiles, the companies almost immediately could begin saving money by consolidating components and basic structures on many of their most popular vehicles, an industry analyst said on Tuesday. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters… Continue reading How Renault, Fiat Chrysler could save through sharing

Sensible Fiat Chrysler-Renault merger could be undone by politics

Automotive industry Sensible Fiat Chrysler-Renault merger could be undone by politics Larry Elliott Frosty relations between France’s Macron and Italy’s Salvini could scupper talks over £29bn merger Matteo Salvini, Italy’s deputy PM, has said he wants to take a stake in a proposed new company. Photograph: Marco Bertorello/AFP/Getty Images That there is an economic case… Continue reading Sensible Fiat Chrysler-Renault merger could be undone by politics

Blindsided by FCA-Renault talks, Nissan risks being left by the roadside

TOKYO/BEIJING (Reuters) – Nissan found out about Renault’s merger talks with Fiat Chrysler just days before they became public, four sources told Reuters, stoking fears at the Japanese carmaker that a deal could further weaken its position in a 20-year alliance with Renault. FILE PHOTO: A finished Nissan Altima comes off of the flex line… Continue reading Blindsided by FCA-Renault talks, Nissan risks being left by the roadside

France says planned Renault-Fiat merger must protect jobs

Automotive industry Finance minister seeks guarantee no French factories will close before any deal is agreed The French finance minister, Bruno Le Maire, wants the chair of Renault to obtain a guarantee from Fiat for workers in France. Photograph: Benoît Tessier/Reuters France’s finance minister has demanded that no factories in the country shut and that… Continue reading France says planned Renault-Fiat merger must protect jobs

Elkann enlists Renault to drive Fiat family fortunes

When John Elkann lost his ally last year with the sudden death of Sergio Marchionne, some questioned whether the softly-spoken scion of the Agnelli clan would be able to emerge from his shadow to ensure Fiat Chrysler’s future.This involved a “very long night … and many grappas” but proved to be a turning point in the fortunes of the Italian company founded by Elkann’s great-great-grandfather Giovanni Agnelli.Marchionne then used GM’s money to fund a turnaround at Fiat.

FCA Group proposes €32.6bn merger with Renault

Fiat Chrysler Automobiles has proposed a €32.6 billion (£28.3bn) all-share merger with Renault to forge a new alliance that could save the Italian carmaker “in excess of €5 billion”. Following the announcement of the proposal yesterday (May 27), shares in Renault, which began Monday with a market value of almost €15 billion, surged 13.8% in early… Continue reading FCA Group proposes €32.6bn merger with Renault