FCA proposes merger with Renault
28/05/2019
It said on May 27 that the proposal follows initial operational discussions between the two companies to identify products and geographies where they could collaborate, particularly as they develop and commercialise new technologies in areas such as connectivity, electrification and autonomous driving.
The combined business would sell approximately 8.7 million vehicles annually, making it the third-biggest automotive group in the world, and would, according to FCA, become a world leader in electric vehicles, premium brands, sports utility vehicles, pick-up trucks and light commercial vehicles and would have “a broader and more balanced global presence than either company on a standalone basis”.
Reacting to the announcement, Renault’s board of directors said it would study “this friendly proposal” with interest.
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