YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Fiat Chrysler seeks merger with Renault

Posted online

Fiat Chrysler Automobiles on Monday outlined a plan to merge with France's Renault.

The proposal calls for a combined company that's half owned by Fiat and half owned by Renault.

"The proposed combination would create a global automaker, preeminent in terms of revenue, volumes, profitability and technology, benefiting the companies' respective shareholders and stakeholders," Fiat officials said in a statement. "The combined business would sell approximately 8.7 million vehicles annually, would be a world leader in (electric vehicle) technologies, premium brands, SUVs, pickups and light commercial vehicles and would have a broader and more balanced global presence than either company on a standalone basis."

Read more from the Detroit Free Press.

Comments

No comments on this story |
Please log in to add your comment

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Reed Academy for Fine and Performing Arts

A new and improved Reed Academy is being constructed on the middle school’s original site to preserve a neighborhood connection that goes back a century.

Most Read
SBJ.net Poll
Has your business made any changes in response to shifting federal government priorities?

*

View results

Update cookies preferences