Fiat Chrysler launches Renault Fusion Proposal


Fiat Chrysler Automobiles NV has proposed a merger with the French competitor Renault SA, a move that, if completed, will create the third largest automaker in the production and cold order of the global automotive industry.

Fiat Chrysler said the combined business will be 50% owned by its shareholders and 50% by Renault shareholders with a "balanced governance structure." The Italian-American car giant, who in addition to his namesake Fiat also sells the popular Jeep and Ram trucks, said the majority of the board …

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