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Tag Archives: Fiat

Fiat Chrysler lost Renault. It must quickly find another fusion partner

The logic behind the merger, however, remains valid, as the French carmaker explained in a statement about the failure of the deal. "We see the opportunity as up-to-date, with convincing industrial logic and great financial benefits, and what would lead to a European-based global automotive company," said Renault ( RNLSY ) . Fiat Chrysler has no time to mourn what …

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Fiat Chrysler breaks off after close negotiations with the French government from the merger with Renault

Fiat Chrysler withdrew its merger offer with Renault SA on Wednesday evening, after negotiations with the French government had collapsed, according to sources familiar with the discussion. The Italian-American company originally proposed the merger as the two companies complement each other. Fiat has best-selling brands such as Jeep and Ram, while Renault has driven the production of emission-free and self-driving …

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Fiat Chrysler retires planned merger with Renault

The company announced on Wednesday that "it has become clear that the political conditions in France are currently not there for such a combination to succeed". Earlier that day, Renault said the French government had asked its board to postpone the vote on the merger. France, which owns 15% of Renault, previously stated that it would support a merger if …

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Fiat Chrysler retires planned merger with Renault

The company announced on Wednesday that "it has become clear that the political conditions in France are currently not there for such a combination to succeed". Earlier that day, Renault said the French government had asked its board to postpone the vote on the merger. France, which owns 15% of Renault, previously stated that it would support a merger if …

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GM and Fiat Chrysler Buy Tesla's Approved Credit – TechCrunch

One of the more obscure segments of Tesla's business just got a little more transparent. Recent filings show that GM and Fiat Chrysler have purchased emission-free vehicle loans from Tesla, Bloomberg reported on Monday. Tesla's ZEV loan program is no secret. The company has generated nearly $ 2 billion in revenue since 2010, when it began selling approval credits to …

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Fiat Chrysler and Renault want to merge. Expect more car deals.

Photo by Laura McDermott / Bloomberg Text size Fiat Chrysler Automobiles and Renault work on a merger that brings Fiat Chrysler into the alliance Renault-Nissan-Mitsubishi Motors, which sells nearly 11 million light vehicles annually. The biggest impact of the deal, if approved, will be felt across the Atlantic. The combined company will become the second largest in Europe – including …

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Fiat Chrysler proposes more with Renault, would be third-largest automaker

Fiat Chrysler proposes to create the world's third-largest automaker and combine their investments in the race to make new electric and autonomous vehicles. The merged company would reshape the global industry: it would make some 8.7 million vehicles a year, General Motors and trailing Volkswagen and Toyota leapfrogging. Shares of both companies jumped over 10% on the news of the …

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