Fiat proposes merger with Renault in latest auto industry jolt - News Summed Up

Fiat proposes merger with Renault in latest auto industry jolt


The carmakers are moving ahead without Renault’s 20-year partner, Nissan Motor Co., and Mitsubishi Motors Corp., the other member of their troubled alliance. Fiat has conditioned the merger talks on Renault agreeing not to pursue a transaction with Nissan in the short term, according to people familiar with the matter. The Japanese company would be welcome to join the merged entity later.


Source: Los Angeles Times May 27, 2019 15:11 UTC



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