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10.06.2019 06:29
(Act 10.06.2019 06:29)
The third largest car company in the world could be created after all.
© APA (AFP)
The two car manufacturers Fiat Chrysler and Renault are considering, according to insiders, a new start possible for a multi-billion dollar merger. Presidents of automakers have already discussed how to resuscitate fusion projects, said people familiar with the subject.
The debates focused on Renault's involvement in Nissan Motor. Renault could significantly reduce its share of around 43% in its Asian partner. In return, the Japanese could support the merger of the two European car manufacturers. It was not clear if new efforts could lead to success. Speakers from Renault and FiatChrysler declined to comment.
Fiat Chrysler canceled the marriage with Renault on June 6th. The Italians have surprisingly withdrawn their good offer of 30 billion euros with immediate effect. Fiat justified the cancellation by the missing political conditions in France. Thanks to the merger of Fiat and Renault, the world's third largest automobile group could emerge after Toyota and Volkswagen.
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