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Tags: EU | Fiat Chrysler | Renault

Renault board to Vote Next Week on Merger with Fiat Chrysler

Renault board to Vote Next Week on Merger with Fiat Chrysler

Friday, 31 May 2019 08:38 AM EDT

PARIS (AP) — French automaker Renault says its board will meet on Tuesday to vote on a possible merger with Fiat Chrysler.

Fiat Chrysler has proposed to merge with Renault to create the world's third-biggest automaker, worth almost $40 billion, and combine forces in the race to make electric and autonomous vehicles. The merged company would produce some 8.7 million vehicles a year, more than General Motors and trailing only Volkswagen and Toyota.

If Renault's board approves the plan, that would allow for the two sides to enter exclusive merger negotiations. The ensuing process would involve consultations with unions, the French government, antitrust authorities and would take about a year.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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French automaker Renault says its board will meet on Tuesday to vote on a possible merger with Fiat Chrysler.Fiat Chrysler has proposed to merge with Renault to create the world's third-biggest automaker, worth almost $40 billion, and combine forces in the race to make...
EU,Fiat Chrysler,Renault
109
2019-38-31
Friday, 31 May 2019 08:38 AM
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