Fiat Chrysler presents plan for merger with Renault

phys.org | 4/26/2019 | Staff
tiffcourt011 (Posted by) Level 3
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Italian-US auto giant Fiat Chrysler said it presented a merger proposal to France's Renault on Monday that would create "a preeminent global automotive group".

Fiat Chrysler "has today delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger", it said in a statement on Monday.

Group - Paris - New - York - Milan

The group would be listed in Paris, New York and Milan.

Renault said its board would meet on Monday to discuss the offer.

Fiat - Chrysler - Merger - World - Automaker

Fiat Chrysler said the merger would create the world's third largest automaker, with annual sales of 8.7 million vehicles.

The brand portfolio of the two groups would be "broad and complementary... and would...
(Excerpt) Read more at: phys.org
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