Fiat Chrysler Vehicles has formally proposed a merger with France’s Groupe Renault. In step with a short lived observation issued through Renault on Monday, FCA is looking for “a possible 50/50 merger transaction” between the 2 firms.
A followup observation, additionally launched through Renault on Monday, confirms the receipt of FCA’s “pleasant proposal,” and says the corporate’s board of administrators “made up our minds to review with passion the potential for any such industry aggregate, comforting Groupe Renault’s production footprint and developing further worth for the Alliance.”
Talking of which, a report from Bloomberg suggests the Renault/FCA deal seems to be shifting ahead with out the enter of Nissan or Mitsubishi, the opposite carmakers tied up within the Renault Alliance. Bloomberg says Renault has agreed not to pursue a maintain Nissan, however that the Jap automaker may just sign up for the fold later.
No legit resolution has been made simply but, Renault’s observation most effective announcing “additional conversation might be issued in the end.” We’re going to indisputably be gazing this one carefully.