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FCA-Renault merger is not yet a write-off https://europe.autonews.com/automakers/fca-renault-merger-not-yet-write
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According to NY Times commanding approval from Nissan was just French Government's diversion to got a separate deal with French Unions. After making an deal with FCA, the French Government and French Unions made a separate deal to seek "Favorite Nation Status" out FCA with Poland,Italy, and the United States as the "alternative nations" where FCA would have to cut jobs first before touching any "French Job".
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They are full of shit. It's very easy to check CAPEX. FCA has CAPEX at around the same level as Nissan+Renault combined. And that should end up stories about FCA's lack of development.
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Yeah, of course and thus Renault's share went u... Oh shit, it wend down since FCA pulled out. No doubt. French will desperate to marge with FCA in the near future but this time I hope they are willing to sell its shares to Exor.
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FCA, Renault shares drop after merger talks collapse https://europe.autonews.com/automakers/fca-renault-shares-drop-after-merger-talks-collapse
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@il_vignale I can assure you that FCA is at the top of the game when it comes to MHEV and PHEV parts of electrification. Also their cars are circulation around with Lidar. No, I'm not talking about cooperation with Alphabet. One car will go on sale next year but I don't know if this technology will be offered at the start of sales. This car will be produced in Italy.
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P2 MHEV?
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Guys let's not forget that FCA is seeking partnership for European market. So there is no much options left.
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Just LOL What to say about Renault? Their CAPEX is almost 50% lower in comparison to FCA.
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Communication of Renault’s Board of Directors June 06, 2019 Boulogne-Billancourt, June 5th, 2019 – Renault S.A.'s Board of Directors met today under the chairmanship of Jean-Dominique Senard, to continue reviewing with interest the proposal received from FCA (Fiat Chrysler Automobiles) for a potential 50/50 merger between Renault S.A. and FCA. The Board of Directors 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. https://media.group.renault.com/global/en-gb/groupe-renault/media/pressreleases/21227411/communique-du-conseil-dadministration10
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I don't understand why would they need to close Italian factories. Same with French. For example Renault. It has 2 gearbox factories outside of France, 4 assembly plants outside of France. All in EU. We are talking about Spain, Portugal, Belgium and Slovenia.
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Italy open to taking stake in FCA-Renault tie-up https://europe.autonews.com/automakers/italy-open-taking-stake-fca-renault-tie
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https://group.renault.com/en/our-company/locations/our-industrial-locations/
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Nissan's technology could pay in Renault-FCA deal: sources https://ca.reuters.com/article/topNews/idCAKCN1T01RJ-OCATP
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Communication of Renault’s Board of Directors June 04, 2019 Boulogne-Billancourt, June 4th, 2019 – Renault's Board of Directors met today to review in detail the elements of the proposal received from FCA (Fiat Chrysler Automobiles) on May 27 for a potential 50/50 merger between Renault S.A. and FCA. The Board of Directors has decided to continue to study with interest the opportunity of such a combination and to extend the discussions on this subject. The Board will meet again on Wednesday, June 5 at the end of the day. https://media.group.renault.com/global/en-gb/groupe-renault/media/pressreleases/21227307/communique-du-conseil-dadministration8
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https://europe.autonews.com/automakers/french-demands-challenge-fca-renault-deal-push
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Elkann family is of French Jewish origin to be precise. So yes, he's French.
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https://www.wsj.com/articles/france-pushes-fiat-chrysler-for-concessions-to-support-renault-deal-11559566941
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Renault's Senard, the 'Anti-Ghosn,' is a stabilizing force New chairman has little auto experience https://europe.autonews.com/automakers/renaults-senard-anti-ghosn-stabilizing-force?fbclid=IwAR3d65yELGCZaPyIPPSJZQnD19u-AbWkS2tIKVSXLvHYScX7ur3Hax86rCE
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And? Actually I don't what can they offer to FCA, both Renault and Nissan. Volume is exception. I can assure you that FCA has more advanced ADAS than anything which is currently on market. It uses Lidar.
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France can have Board member. Why not? But IMO it must come from Renault's quota.
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I believe that Italian Government is willing to pay for a 7.5% stake in a new company. But from whom will they aquire it?
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What I've said few days ago. Mike Manley will be new COO. Manley sold $3.5 million in FCA shares a day after Renault offer https://www.autonews.com/executives/manley-sold-35-million-fca-shares-day-after-renault-offer
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