Fiat-Renault Mega-Merger Is Born of Desperation

Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France's Renault in a deal that could create the world's third-biggest carmaker and trigger a fresh round of industry consolidation......»»

China's Dongfeng Motor Group and Peugeot maker PSA are extending their business cooperation, despite the Chinese company reducing its stake in PSA to help smooth the French carmaker's merger with Fiat Chrysler Automobiles (FCA)......»»

No name for the new company has been decided, executives said in a conference call, but both Tavares and Manley insisted that it was not a “touchy subject.".....»»

A merger could work if politics and tough decisions don’t get in the way......»»

Fiat Chrysler's $35 billion merger offer for Renault, which was abandoned in June, was no longer on the table, the French carmaker's Chairman Jean-Dominique Senard said on Tuesday......»»

Car industry shares drove a rebound in European stock markets on Wednesday, helped by an Italian newspaper report suggesting merger talks between Fiat Chrysler and Renault have gained some traction in recent weeks. Francis Maguire reports......»»

Renault's alliance with Japanese partner Nissan remains the priority for France ahead of any further consolidation such as a merger with Fiat-Chrysler , French Finance Minister Bruno Le Maire said on Wednesday......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

French Finance Minister Bruno Le Maire said on Thursday a Fiat Chrysler-Renault merger remained an "interesting opportunity" but added he would tell the French carmaker's chairman that strengthening the Renault-Nissan alliance was the priority......»»

France's finance minister says the government didn't oppose a merger deal between carmaker Renault and Italian-American rival Fiat Chrysler......»»

French Finance Minister Bruno Le Maire said on Thursday he would meet Renault chairman Jean-Dominique Senard later in the day and reiterated that a merger with Fiat Chrysler remained an interesting option for Renault......»»

Renault's chairman has expressed his frustration with the French government, a majority shareholder, which he says resisted a merger deal proposed by Fiat Chrysler......»»

Sources have told Reuters that Fiat Chrysler and Renault are trying to find ways of reviving a merger plan that appeared to collapse last week. Julian Satterthwaite reports......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The idea of a merger between Renault SA and Fiat Chrysler (FCA) remains a good opportunity, but nothing has changed in terms of the conditions the French government has set, French Finance Minister Bruno Le Maire said on Monday......»»

Fiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker's alliance partner Nissan Motor Co Ltd , according to several sources close to the companies......»»

Fiat Chrysler Could Return To The Table Despite Failed Renault Merger.....»»

Italy's Industry Minister Luigi Di Maio blamed the French state for derailing merger talks between Fiat Chrysler and rival Renault saying Paris had come out poorly in the situation......»»

Fiat Chr.....»»