Advertisements
12.8 C
London
Friday, May 29, 2020

Fiat Chrysler proposes merger with Renault

Must read

New Zealand close to virus eradication despite grim global figures

New Zealand has all but eradicated the coronavirus from its shores, with just one person in the nation of five million known to be...

Minneapolis police station torched amid George Floyd death protests

Demonstrators have torched a Minneapolis police station as three days of violent protests spread over the death of George Floyd, a handcuffed black man...

Nina Dobrev confirms relationship with Shaun White as she gives him a haircut

Nina Dobrev confirmed her relationship with snowboarder Shaun White as she revealed she has given him a quarantine haircut. The pair made their romance Instagram...

Socially distanced gatherings of six permitted under UK’s lockdown easing

Friends and family will be able to meet in parks and gardens in socially distanced groups of six under British Prime Minister Boris Johnson’s...

Fiat Chrysler has proposed a merger with French car manufacturer Renault aimed at saving billions of dollars for both companies.

Fiat Chrysler Automobiles (FCA) said the merged company would be 50% owned by FCA shareholders and 50% by Renault shareholders.

Renault’s board is meeting outside Paris about the possible merger.

The companies have been in discussions for weeks, as major world car makers seek ways to save money amid the huge costs of pivoting the industry to electric and autonomous cars.

Renault is already in an alliance with Japan’s Nissan and Mitsubishi, but the partnership has been troubled since the November arrest of joint chief Carlos Ghosn.

The French government, which owns 15% of Renault, is cautious about the new merger idea.

Advertisements

- Advertisement -

More articles

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

New Zealand close to virus eradication despite grim global figures

New Zealand has all but eradicated the coronavirus from its shores, with just one person in the nation of five million known to be...

Minneapolis police station torched amid George Floyd death protests

Demonstrators have torched a Minneapolis police station as three days of violent protests spread over the death of George Floyd, a handcuffed black man...

Nina Dobrev confirms relationship with Shaun White as she gives him a haircut

Nina Dobrev confirmed her relationship with snowboarder Shaun White as she revealed she has given him a quarantine haircut. The pair made their romance Instagram...

Socially distanced gatherings of six permitted under UK’s lockdown easing

Friends and family will be able to meet in parks and gardens in socially distanced groups of six under British Prime Minister Boris Johnson’s...

Security law ‘puts Hong Kong’s appeal for business at risk’

Hong Kong’s status as a leading place to do business could be in peril following the adoption of a national security law. The legislation, which...
%d bloggers like this: