Tag: Renault

FCA-Renault merger collapse a blow for Goldman and its alumni network: sources

LONDON (Reuters) – The collapse of merger talks between Fiat Chrysler Automobiles(FCA) and Renault marks a setback for a tight network of current and former Goldman Sachs’ bankers who tried to convince the French political establishment to back the deal. FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June… Continue reading FCA-Renault merger collapse a blow for Goldman and its alumni network: sources

Failed FCA-Renault deal exposes limits of French industrial intervention

* Fiat walked away from Renault deal over French politics * France has long list of state-steered unhappy deals * Government nonetheless shows no sign of relenting By Leigh Thomas PARIS, June 6 (Reuters) – Fiat Chrysler’s abrupt withdrawal of its merger offer for Renault lays bare the limits of the French government’s interventionist industrial… Continue reading Failed FCA-Renault deal exposes limits of French industrial intervention

Renault-Fiat Chrysler merger collapses

Automotive industry French government blamed as €33bn deal to create world’s third largest carmaker stalls A planned €33bn merger between Renault and Fiat Chrysler has collapsed. Photograph: Eric Gaillard/Reuters The proposed €33bn merger of Fiat Chrysler and Renault has collapsed after an intervention from the French government, Renault’s biggest shareholder. Fiat Chrysler, an Italian-American company,… Continue reading Renault-Fiat Chrysler merger collapses

France hopes “door not closed” on FCA/Renault deal – French budget minister

PARIS, June 6 (Reuters) – French budget minister Gerald Darmanin said he hoped the door had “not closed” on the possibility of a merger between Fiat Chrysler (FCA) and Renault and added France would be happy to re-examine any new proposal from Fiat.
“Talks could resume at some time in the future,” Darmanin told FranceInfo radio on Thursday.
Earlier on Thursday, Fiat Chrysler said it had abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker.

The New Renault KOLEOS: greater style and comfort for Groupe Renault’s large SUV

Download Conditions All materials on this website are the sole property of Renault SAS and/or of its subsidiaries or of any third party having granted Renault SAS permission to use them. Please note that these materials are for editorial use only. Commercial use, including advertising, marketing and merchandising, is strictly prohibited. All trademarks are the… Continue reading The New Renault KOLEOS: greater style and comfort for Groupe Renault’s large SUV

UPDATE 1-France engaged constructively in failed FCA-Renault talks -Le Maire

(Adds detail, background) PARIS, June 6 (Reuters) – France’s finance minister said on Thursday following the collapse of merger talks between Fiat Chrysler (FCA) and Renault that the government had engaged constructively but failed to win the support of Renault’s Japanese partner, Nissan. “An agreement had been reached on three of the four conditions. What… Continue reading UPDATE 1-France engaged constructively in failed FCA-Renault talks -Le Maire

Toyota, Subaru team up to develop electric SUV in battle against costs

An employee walks past Toyota logo at Rolf, an automotive dealer in Moscow, Russia April 12, 2019. REUTERS/Maxim Shemetov TOKYO (Reuters) – Toyota Motor Corp and Subaru Corp on Thursday said they plan to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they seek to split the cost of producing… Continue reading Toyota, Subaru team up to develop electric SUV in battle against costs

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’