Fiat Chrysler has withdrawn its merger proposal for French carmaker Renault, the Italian-American firm has said.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
Tag: Nissan
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 FCA confirmed to TechCrunch that it has withdrawn its offer, largely due to political conditions.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’
UPDATE 1-Fiat Chrysler withdraws merger offer for Renault
FILE PHOTO: The logos of Renault and Fiat carmakers are seen in Nice, France, June 3, 2019. REUTERS/Eric Gaillard PARIS (Reuters) – Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world’s third-biggest automaker. A source close… Continue reading UPDATE 1-Fiat Chrysler withdraws merger offer for Renault
Rosso (Fdi): “Polo of luxury in Turin, Fca-Renault can be an advantage”
“The Piedmont Region and the Municipality of Turin can and must take immediate action to ensure that the Fca-Renault merger becomes a job opportunity for our territory, avoiding any risk of job loss”. Roberto Rosso, newly elected regional councilor of Brothers of Italy, believes that “if in Turin we succeed in truly establishing the pole… Continue reading Rosso (Fdi): “Polo of luxury in Turin, Fca-Renault can be an advantage”
Fusion project with Fiat worries Renault unions
Between opposition and circumspection. For the past ten days, the Losange unions have also been working on the surprise proposal made by Fiat Chrysler Automobiles (FCA) for a big “equals” marriage with Renault. And their early work has not resulted for the moment on a massive enthusiasm, to say the least. The CGT has already… Continue reading Fusion project with Fiat worries Renault unions
GROUPE RENAULT: Communication of the board of directors on the findings of the joint RNBV audit
PRESS RELEASE 2019/06/04Communication of the board of directors on the findingsof the joint RNBV auditBoulogne-Billancourt, June 4th, 2019 – Renault’s Board of Directors today reviewed the final findings of the Joint Audit Mission that was commissioned jointly with Nissan in respect of their jointly-owned subsidiary RNBV. These findings confirmed the existence of deficiencies within RNBV… Continue reading GROUPE RENAULT: Communication of the board of directors on the findings of the joint RNBV audit
Doubting millions spent with a daughter in the Netherlands: Ghosn affair at Renault – France reimbursed
Behrouz Mehri / AFP Carlos Ghosn: Now he faces the threat in the Netherlands too France has announced legal action in the affair surrounding former Renault top manager Carlos Ghosn. It will be reported, confirmed the French Minister of Economy Bruno Le Maire on Wednesday the TV station BFMTV. If the state is a company… Continue reading Doubting millions spent with a daughter in the Netherlands: Ghosn affair at Renault – France reimbursed
Nissan representatives on Renault board to abstain on FCA merger
Meeting on Tuesday to debate and vote on proposed €33bn deal Go to Source
Carmakers wrestle with diesel’s decline
Five years ago, Toyota took an unusual decision — not to fit its newly developed C-HR model with a diesel engine. At the time, diesel-fuelled cars accounted for half of all new vehicles sold across Europe and a higher percentage in the sport utility vehicle market. Half a decade later, that move looks prescient. Diesel… Continue reading Carmakers wrestle with diesel’s decline
Nissan would review Renault ties after FCA merger: CEO
PARIS/MILAN (Reuters) – Nissan would carry out a “fundamental review” of its relationship with alliance partner Renault if it accepted a merger proposal from Fiat Chrysler, the Japanese carmaker said on Monday. FILE PHOTO: Nissan President and Chief Executive Officer Hiroto Saikawa attends a news conference at its global headquarters building in Yokohama, Japan, December… Continue reading Nissan would review Renault ties after FCA merger: CEO