We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of Cookies, revised Privacy Policy and Terms of Use.
  • 0 views
  • Edit

France Seeks to Fend Off Blame for FCA-Renault Deal Collapse

2019-06-06 14:27
France was battling to defend its business strategy on Thursday after being blamed for scuppering a $35 billion-plus merger between carmakers Fiat Chrysler (FCA) and Renault only 10 days after the plan was officially announced. Shares in Italian-American FCA and France's Renault fell sharply in early trade after FCA pulled out of talks, saying "the political conditions in France do not currently exist for such a combination to proceed successfully." The collapse of the deal, which would have created the world's third-biggest carmaker behind Japan's Toyota and Germany's Volkswagen, revives questions about how both FCA and Renault will meet the challenges of costly investments in electric and self-driving cars on their own.