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Fiat Chrysler: $ 37 billion merger with Renault
A "transformative merger" between the two rival European companies would create the world's third-largest car maker, behind only Volkswagen and Toyota. The agreement, in which the shareholders of each company would control 50% of the capital, would also help to maintain the competitiveness of the two brands in the face of the growing demand for new cars and the growing interest in electric vehicles and autonomous driving technologies. . The Renault Board of Directors will consider Fiat's proposal today.
How smooth is the road? Previous mergers have failed in the face of inconsistent incompatible business cultures and even national pride. If successful, this deal should wipe out Renault's hopes of merging with Nissan.
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