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Fiat/Chrysler proposes huge $37 billion merger with Nissan/Mitsubishi


 
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 2 weeks ago '04        #1
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mr_underground|m 2191 heat pts2191
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Fiat/Chrysler proposes huge $37 billion merger with Nissan/Mitsubishi
 

 
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Fiat Chrysler is in merger talks with Renault, proposing a €32.6 billion, or $36.5 billion, all-share deal that would create the world's third-largest carmaker in production terms, behind Volkswagen and Toyota.

Fiat Chrysler and Renault would each own half of the new business, which would be larger than General Motors with sales of 8.7 million vehicles a year and combined annual revenue of €170 billion, Fiat Chrysler said in a release.

The deal would be meant to help the combined brands boost their presence in the rapidly growing electric-vehicle and autonomous-driving markets, which is being targeted by Silicon Valley.

Fiat Chrysler Automobiles is part-owned by the Agnelli family, while the French government has a 15% stake in Renault. Differences in market value mean that FCA shareholders would receive a €2.5 billion dividend. The company's shares were trading up 10% as of 9:45 a.m. in London (4:45 a.m. ET); Renault's stock was up 15%.

Renault and Nissan have had a strategic partnership, which later included Mitsubishi, since 1999. The alliance was partly the brainchild of Carlos Ghosn. The 64-year-old former Renault CEO has been in and out of jail in Japan, having been arrested in November on suspicion of misreporting his salary and compensation. He denies the charges.

visit this link https://www.businessinsid .. ctric-vehicles
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16 comments for "Fiat/Chrysler proposes huge $37 billion merger with Nissan/Mitsubishi"

 2 weeks ago '10        #2
killinemsoftly 1 heat pts
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Wow, not sure what to think of this at the moment

 2 weeks ago '06        #3
~SHYNE~ 26 heat pts26
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With Nissan struggles lately, I can see why...
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 2 weeks ago '17        #4
92baby 2 heat pts
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4 struggling a*s companies ������ hopefully it works out
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 2 weeks ago '04        #5
jsmooth-117 14 heat pts14
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Oh, gee, look, four sh*t car making companies, merged into one. This should pay dividends
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 2 weeks ago '11        #6
default28 8 heat pts
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[video - click to view]

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 2 weeks ago '07        #7
stogz 19 heat pts19
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Fiat sux. Chrysler sux. Both have the worst quality and reliability in the business.
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 2 weeks ago '10        #8
ColeWorld 48 heat pts48
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Oh boy what a sh*tty alliance. Say hello to rental car dealers everywhere!
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 2 weeks ago '04        #9
Cutty Olds 7 heat pts
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 2 weeks ago '04        #10
nitetrain8601 26 heat pts26
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fu*k. Nissan is still decent. Chrysler makes sh*t vehicles though. Their designs are decent, but the reliability is not there at all.
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 2 weeks ago '17        #11
PrematureCome 
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Four sinking ships are about to collide and create another mess that taxpayers will have to bail them out of in a decade time or less.
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 2 weeks ago '07        #12
acwmich 
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Huh who is posting in here fiat makes cake i dunno who thinks fiat is a sinking ship is fu*king crazy chrysler they bought in bailout for pennies on the dollar and people buy those 200-300 fiat dont need no bailout and they arent even american owned

 2 weeks ago '07        #13
acwmich 
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 PrematureCome said
Four sinking ships are about to collide and create another mess that taxpayers will have to bail them out of in a decade time or less.
These are all foreign companies in the merger if you didnt know
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 2 weeks ago '05        #14
xbigelx 7 heat pts
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Isn't Chrysler the same as Dodge?
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 1 week ago '04        #15
CentsCuZ 20 heat pts20
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 xbigelx said
Isn't Chrysler the same as Dodge?
Chrysler, Dodge, Jeep, and Fiat are all owned by the same holding company. In other words, they're all a part of the same company.
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 1 week ago '06        #16
sunsetnVine 21 heat pts21
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 92baby said
4 struggling a*s companies ������ hopefully it works out
When our struggles combine.. i am captain struggle...

They better create a monster lease program
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 1 week ago '04        #17
mr_underground|m 2191 heat pts2191 OP
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 xbigelx said
Isn't Chrysler the same as Dodge?
 acwmich said
Huh who is posting in here fiat makes cake i dunno who thinks fiat is a sinking ship is fu*king crazy chrysler they bought in bailout for pennies on the dollar and people buy those 200-300 fiat dont need no bailout and they arent even american owned
Basically, Fiat Chrysler Automobiles (FCA) owns Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati, Ferrari and Ram.

Combined they're making money.

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