Bethea's Byte
Fiat Chrysler Proposes Renault Merger In Auto Industry Shake-Up Hizmr
Welcome to Bethea's Byte. If you are a member, please sign in and participate. If you are not a member, please sign up and join the conversation. We'd love to hear from you.
Bethea's Byte
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Welcome
Log in

I forgot my password

Notifications
    Who is online?
    In total there are 7 users online :: 1 Registered, 0 Hidden and 6 Guests

    The Last Outlaw

    [ View the whole list ]


    Most users ever online was 156 on Wed Jul 03, 2019 11:22 am
    Recent Members
    See more
    Statistics
    We have 38 registered users
    The newest registered user is Jarkko

    Our users have posted a total of 4484 messages in 2062 subjects
    May 2022
    SunMonTueWedThuFriSat
    1234567
    891011121314
    15161718192021
    22232425262728
    293031    

    Calendar Calendar

    Affiliate With Bethea’s Byte


    Bethea's Byte

    Anti-Spam Bots!

    Submit Your Site To The Web's Top 50 Search Engines for Free!






    The Coffee House


    Planet Nexus





    IconSkouliki
    BG Music

    Fiat Chrysler Proposes Renault Merger In Auto Industry Shake-Up

    View previous topic View next topic Go down

    The Last Outlaw
    The Last Outlaw
    Head Administrator
    Head Administrator
    Location : Salem, Oregon
    Gender : Male
    Posts : 2620 Zodiac Sign : Aquarius Age : 46 Birthday : 1976-02-07
    Join date : 2018-05-25
    Status :
    Online
    Offline

    http://betheasbyte.com/

    PostThe Last Outlaw Mon May 27, 2019 8:02 am

    Fiat Chrysler Proposes Renault Merger In Auto Industry Shake-Up I5OK6

    From CNN

    Rishi Iyengar of CNN Business wrote:New Delhi (CNN Business)  Renault is considering a merger with Fiat Chrysler, a deal that would reshape the global auto industry and help the carmakers compete in the race for electric and self-driving vehicles.

    The French automaker said Monday that it would "study with interest" a proposal from Fiat Chrysler that would give its shareholders 50% ownership of a combined business with annual vehicle sales of 8.7 million.

    If completed, the merger would create the world's third largest carmaker behind Volkswagen (VLKAF) and Toyota (TM). General Motors (GM) would fall to fourth in the global rankings.

    Renault (RNLSY) stock surged more than 15% in Paris on Monday, while Fiat Chrysler shares jumped around 11% in Milan.

    The companies had been discussing ways to cooperate on products and new technologies, but Fiat Chrysler said in a statement outlining its proposal that more could be gained from a merger.

    "These discussions made clear that broader collaboration through a combination would substantially improve capital efficiency and the speed of product development," the Italian-American company said.

    Fiat Chrysler owns brands including Jeep, Dodge, Alfa Romeo and Maserati. Among its top markets is North America, where Renault does not have a significant presence.
    The proposal is the latest example of established automakers seeking partnerships to share the costs of developing new technologies including electric vehicles and autonomous driving systems.

    https://www.cnn.com/2019/05/27/business/fiat-chrysler-renault-merger/index.html

    This could get very interesting as the race to become the world's #1 auto brand continues.  Like the article states, if this merger goes through, the top four carmakers in the world would go Volkswagen at No.1 followed by Toyota, Renault/Chrysler-Fiat, and General Motors.  This is gonna be interesting.

    Just Saying
    Fiat Chrysler Proposes Renault Merger In Auto Industry Shake-Up I6goy


    Last edited by The Last Outlaw on Thu Aug 08, 2019 7:32 pm; edited 1 time in total

    _________________
    Fiat Chrysler Proposes Renault Merger In Auto Industry Shake-Up Ro5An
    Fiat Chrysler Proposes Renault Merger In Auto Industry Shake-Up RhD4cFiat Chrysler Proposes Renault Merger In Auto Industry Shake-Up RhfbI


    UFC Fight Night 192: Smith vs. Spann
    Kyng
    Contributing Manager
    Contributing Manager
    Posts : 615 Join date : 2018-05-30
    Status :
    Online
    Offline

    PostKyng Tue May 28, 2019 5:12 pm

    Yeah, it will be interesting if this goes ahead. The newly-merged group would become an absolute behemoth.

    Let's just hope they don't try any sneaky emissions shenanigans, like we saw with VW Razz .

    View previous topic View next topic Back to top

    Create an account or log in to leave a reply

    You need to be a member in order to leave a reply.

    Create an account

    Join our community by creating a new account. It's easy!


    Create a new account

    Log in

    Already have an account? No problem, log in here.


    Log in

     
    Permissions in this forum:
    You cannot reply to topics in this forum