Fiat Chrysler proposes huge $37 billion merger with Nissan and Renault to create the world’s third-largest automaker
|05/27/2019||Posted by BusinessMediaguide.Com under General World News||
- Fiat Chrysler has proposed a €32.6 billion ($36.5 billion) all-share merger with fellow automakers Nissan and Renault.
- The deal could create the world’s third-largest car manufacturer, behind Volkswagen and Toyota.
- The “transformative merger” would be a major shift for the auto industry and would spark plans to boost electric vehicle production.
Fiat Chrysler’s merger talks with Nissan and Renault could result in a possible €32.6 billion ($36.5 billion) all-share merger would create the world’s third-largest carmaker in production terms, behind Volkswagen and Toyota.
Fiat Chrysler (FCA) and Renault would each own 50% of the businesses, which would be larger than read more >>>