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12th Jul 2020 - VEHICLES4WORK AND CAR LEASE SHOP ARE OPEN ONLINE AND AT THE CAR LEASE SHOP OLD STREET KILMARNOCK CALL US ON 01563 542820

Renault may merge with Fiat Chrysler

Renault representatives officially confirm that they are negotiating with Fiat Chrysler Automobiles on a joint merger with an equal 50/50 membership.

As the Reno press service informs, the company received a proposal from FCA regarding merging with equal shares of the business. Today, on May 27, Renault will hold a meeting on the board of directors to discuss a possible deal.

FCA similarly confirmed the negotiations. The Italian-American company claims that this mutual work, which in the future can become a complete merger, will only strengthen the position of concerns on the main markets, significantly helping to save on the creation of new products. Annual savings called the amount of $ 5 billion.

News source Cars Base

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Posted on 4th June 2019 at 12:41 PM

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