Fiat Chrysler Withdraws Renault Merger Proposal; Maintaining FVEs: FCA at EUR 28 and RNO at EUR 90
No-moat-rated Fiat Chrysler has withdrawn its Renault (also no-moat-rated) merger proposal. Renault's Board met on Tuesday and Wednesday, each resulting in an announcement that a decision would be postponed. In the last press release, the Board said that it, "was unable to take a decision due to the request expressed by the representatives of the French State to postpone the vote to a later Council." Shortly after, Fiat Chrysler issued a press release stating that, while the company believes the...Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
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