Fiat Chrysler has withdrawn its proposal to merge with Renault after the French auto maker’s alliance partner, Nissan Motor, refused to back the deal.
PARIS—Fiat Chrysler Automobiles NV has withdrawn its proposal to merge with Renault SA after the French auto maker’s alliance partner, Nissan Motor Co., declined to back the deal, according to people familiar with the matter.
The French state, Renault’s top shareholder, went into a marathon board meeting Wednesday evening saying its prime condition for approving the $40 billion merger was that the deal fit within the framework of Renault’s decadeslong alliance with Nissan, the people said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fiat Chrysler withdraws merger proposal for RenaultFiat Chrysler is reportedly withdrawing its merger proposal for Renault
Read more »
France Pushes Fiat Chrysler for Concessions to Support Renault DealThe French government is seeking concessions from Fiat Chrysler in return for supporting the Italian-American car maker’s proposed merger with Renault.
Read more »
Renault Board Is Studying ‘With Interest’ Fiat Chrysler ProposalRenault said it is going to take more time to weigh a merger proposal from Fiat Chrysler Automobiles, a deal that would create the world’s third-largest auto maker by production.
Read more »
Renault Board Is Studying ‘With Interest’ Fiat Chrysler BidRenault said it is going to take more time to weigh a merger proposal from Fiat Chrysler Automobiles, a deal that would create the world’s third-largest auto maker by production.
Read more »
Exclusive: FCA discusses improved Renault merger bid to win French backingFiat Chrysler is discussing a Renault special dividend and stronger job guarante...
Read more »
Exclusive: FCA discusses improved Renault merger bid to win French backingFiat Chrysler is discussing a Renault special dividend and stronger job guarante...
Read more »
FCA, Renault face tall odds delivering on cost-cutting promises in mergerFiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-mer...
Read more »
Tesla’s secret source of cash unmasked as GM and Fiat ChryslerGM and Fiat Chrysler disclosed to the state of Delaware earlier this year that they had reached agreements to buy federal greenhouse gas credits from Tesla.
Read more »
Toyota, Fiat Chrysler U.S. sales rise in MayFiat Chrysler Automobiles NV, and Toyota Motor Corp on Monday posted a rise in U...
Read more »
FCA, France reach tentative agreement on Renault merger: sourcesFiat Chrysler Automobiles NV has reached a tentative agreement with France on th...
Read more »
No need to rush Renault-Fiat merger talks: French finance ministerFrench Finance Minister Bruno Le Maire said there was no need to rush regarding ...
Read more »