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Fiat Chrysler proposes huge $37 billion merger with Nissan and Renault to create the world’s third-largest automaker

FILE PHOTO: A Nissan logo is pictured during the media day for the Shanghai auto show in Shanghai, China, April 16, 2019. REUTERS/Aly Song/File Photo

  • 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 >>>

Source:: BusinessInsider.Com