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
Tag: FCA
Auto supplier Cooper-Standard not interested in bidding for Turkey’s Teklas-CEO
DETROIT (Reuters) – U.S. auto parts supplier Cooper-Standard Holdings Inc is not interested in buying Turkey’s Teklas Kaucuk, which supplies such carmakers as General Motors and BMW, Cooper-Standard’s top executive said on Wednesday. Cooper-Standard, based outside Detroit, is not interested in expanding in Europe given that region’s uncertainties at the moment, Chairman and Chief executive… Continue reading Auto supplier Cooper-Standard not interested in bidding for Turkey’s Teklas-CEO
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
Fiat Chrysler and Renault’s merger is inescapable
Cultural clashes are less of a risk for carmakers than the high cost of independence 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
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