Fiat Chrysler is the seventh-largest carmaker worldwide, and Renault is the eighth. With the deal scuppered, Mr. Senard must weigh how effective he can be at Renault, according to the people with knowledge of the situation. After two days of talks this week, Renault had tentatively scheduled a news conference for Thursday morning to announce an agreement. But the French government is Renault’s largest shareholder, and has a seat on the company’s board. As talks progressed, according to two people familiar with Fiat Chrysler, the French government tried to micromanage the process.

Source: International New York Times June 06, 2019 21:11 UTC