Fiat Chrysler eyes US$40 billion merger with Renault to create world’s third biggest carmaker

//Fiat Chrysler eyes US$40 billion merger with Renault to create world’s third biggest carmaker

Fiat Chrysler eyes US$40 billion merger with Renault to create world’s third biggest carmaker

Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third biggest carmaker, worth US$40 billion, and combine forces in the race to make electric and autonomous vehicles.The merged company would reshape the global industry: it would produce some 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota.Shares of both companies jumped on the news of the offer, which would see each side’s shareholders split ownership in the…

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By | 2019-05-27T19:35:08+00:00 May 27th, 2019|Business|Comments Off on Fiat Chrysler eyes US$40 billion merger with Renault to create world’s third biggest carmaker