Fiat Chrysler and Renault in talks over merger

[Sugimoto]

Maybe Renault is sick of Nissan & Japanese gov of "tekkaning" Carlos Ghosn, they are going to shelve their plan to merge with Nissan if Fiat Chrysler is interested to merge with Renault.

 

Fiat Chrysler and Renault in talks over merger

Carmakers set to announce collaboration on electric vehicle technology and production 

 

https://www.ft.com/content/846bc2f0-7fbf-11e9-9935-ad75bb96c849

 

 

[Soya]

OMG...that's like 3 ugly sisters teaming up hoping to be Cinderella

[Sugimoto]

https://www.cnbc.com/2019/05/26/fiat-chrysler-and-renault-are-in-advanced-talks-to-merge-the-automakers.html

 

Fiat Chrysler has submitted their proposal: 

 

https://www.cnbc.com/2019/05/27/fiat-chrysler-submits-proposal-for-a-merger-with-renault.html

 

"For Renault, the partnership with FCA renews speculation the French automaker’s alliance with Japan-based Nissan may not last."

 

If the speculation become true, Nissan-Mitsubishi alliance will be on your own liao.

[Watwheels]

IMO the Japanese fuddy duddies will not let any foreign company take over them. Over their dead body.

[Carbon82]

FCA withdraws merger proposal to Groupe Renault

 

 

The Board of Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA), meeting this evening under the Chairmanship of John Elkann, has resolved to withdraw with immediate effect its merger proposal made to Groupe Renault.

 

FCA remains firmly convinced of the compelling, transformational rationale of a proposal that has been widely appreciated since it was submitted, the structure and terms of which were carefully balanced to deliver substantial benefits to all parties. However it has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully.

 

FCA expresses its sincere thanks to Groupe Renault, in particular to its Chairman and its Chief Executive Officer, and also to the Alliance partners at Nissan Motor Company and Mitsubishi Motors Corporation, for their constructive engagement on all aspects of FCA’s proposal.

 

FCA will continue to deliver on its commitments through the implementation of its independent strategy.

 

 

London, 6 June 2019

[ER-3682]

3 most Lousy Cars Brand Merged...

[Sugimoto]

A sign of relief from Nissan

 

They can continue tekan Carlos Ghosn peacefully now.