Fiat Chrysler Officially Proposes 50-50 Merger With ... (Viola Jones) Fiat Chrysler Automobiles NV proposed a merger with Renault SA to create the world's third-biggest carmaker as manufacturers scramble for scale to tackle an expensive shift to electrification and autonomous driving. Italian-US auto giant Fiat Chrysler presented a merger proposal to France's Renault on Monday that would create the world's third largest automaker. The merger would represent a major shift for the auto industry and spark plans to boost.
The carmaker said the merger would create a global automotive leader, with.
The merger, announced Monday, is fraught with "significant execution risks" that could scuttle it altogether, according to Moody's Investors Service.
Fiat-Chrysler withdraws its proposal to merge with French carmaker Renault, blaming French politics. The proposal for a "transformative merger" would see FCA and Renault each own. Fiat Chrysler has made a "transformative" merger proposal for French carmaker Renault, the Italian firm said on Monday.
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