Post by: Jocko on May 28, 2019, 09:33:28 AM
The combined business would be 50% owned by Fiat shareholders and 50% by Renault stockholders.
The carmaker said the merger would create a global automotive leader, with 8.7 million vehicle sales.
Carmakers have faced pressure to consolidate amid major industry shifts, including towards electric vehicles.
Back in the day it was Austin, Morris, Wolseley, and Riley. Jaguar and Land Rover. Elsewhere it was DKW, NSU, and Auto Union. Now it is the big players. The motor industry continually has to re-invent itself to survive.
Post by: richardfrost on May 28, 2019, 09:59:53 AM
Post by: trebor1652 on May 28, 2019, 04:51:40 PM
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Post by: culzean on May 28, 2019, 06:12:48 PM
Shame. I was hoping Fiat might merge with Skoda and the resulting company could be called Fiasko.
Even as Fiat and Renault they could still call themselves the Fault car company - I think that Punto was Fiat most iconic car, if only because Punto means 'full stop' in Italian.
Their first electric car could be the Fault-e
Post by: richardfrost on May 29, 2019, 01:29:52 AM