FCA blames political conditions in France for merger - leatherbiz: Lea Leatherbiz

News

FCA blames political conditions in France for merger withdrawal

06/06/2019
Automotive group Fiat Chrysler Automobiles (FCA) has withdrawn a proposal to merge with French group Renault.

It said FCA remained convinced of the “compelling, transformational rationale” behind the proposal. But it said it had become clear that “the political conditions in France do not currently exist for such a combination to proceed successfully”.

It thanked Renault for its “constructive engagement” with all aspects of the proposal.


Related stories:

Renault maintains market share despite sales dip 22/07/2019

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.