FCA Submits Proposal For A Transformative Merger With ... FCA Submits Proposal For A Transformative Merger With ... (Marie Duncan) FCA and Renault have raised the stakes for themselves by ruling out plant closures. FCA and Renault are announcing an alliance at a time when Renault is in talks to redefine the terms of the alliance those two companies have had for the last French automaker Renault is considering a merger proposed by FCA-the parent company of Fiat, Jeep, Chrysler-that would make the combined. In a statement released by FCA Wednesday evening the company thanked Groupe Renault and its Alliance partners Nissan and Mitsubitshi for their collective time.

Pressure to cut automotive pollution is driving the latest round of consolidation.

Jason Stein from Automotive News says merging the two companies would create a better position for Fiat Chrysler Automobiles.

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FCA gears up for merger with French automaker Renault

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As news of the potential merger broke Monday, the Italian government also took interest, mulling a stake in the combined entity to offset its partial French ownership. Fiat Chrysler Automobile's proposed merger with French automakers Renault may raise some concerns for potential job cuts, but an auto industry expert isn't worried. LONDON (Reuters) - The collapse of merger talks between Fiat Chrysler Automobiles(FCA) and Renault (PA:RENA) marks a setback for a tight network of current and former Goldman Sachs' bankers who tried to convince the French political establishment to back the deal.

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