Tag: Fiat Chrysler Automobiles NV
Fiat walked away from talks on a proposed merger after growing frustrated with tensions between Renault's executives and the French state.
Any reduction of the stake will need approval from France, which owns 15% of Renault.
Renault SA’s alliance with Nissan Motor Co., already stressed by the Carlos Ghosn affair and a failed merger proposal by Fiat Chrysler Automobiles NV, lurches toward a new crisis.
The French government wants additional guarantees from Fiat Chrysler Automobiles NV in its proposal to merge with Renault SA as it seeks to avoid job cuts in France and protect national interests.
Fiat Chrysler Automobiles NV is considering a tie-up with Renault SA, which could eventually lead them to becoming part of the Renault-Nissan Motor Co. alliance, according to people familiar with the matter.
Mike Manley plans to carry out the parent company's strategy unveiled last month, the company said Saturday.