RSS_Auto_Poster
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Written by Paul Horrell
The expected merger between Fiat-Chrysler (FCA) and Renault has fallen through. FCA has abruptly withdrawn its offer after the French Government made some extra demands on Renault. The French state has a 15 per cent stake in Renault, which brings strong influence. It seems the Government there, and the unions, were worried about potential factory closures at Renault. Some large foreign-owned companies in several industries have recently shed jobs in France. If it had happened, the merger would have made a huge difference to the global car industry. The combined entity would have been the third-biggest in the world after VW and Toyota.
Date written: 6 Jun 2019
More of this article on the Top gear website
ID: 15934
The expected merger between Fiat-Chrysler (FCA) and Renault has fallen through. FCA has abruptly withdrawn its offer after the French Government made some extra demands on Renault. The French state has a 15 per cent stake in Renault, which brings strong influence. It seems the Government there, and the unions, were worried about potential factory closures at Renault. Some large foreign-owned companies in several industries have recently shed jobs in France. If it had happened, the merger would have made a huge difference to the global car industry. The combined entity would have been the third-biggest in the world after VW and Toyota.
Date written: 6 Jun 2019
More of this article on the Top gear website
ID: 15934