Fiat’s experience with Chrysler shows the scope of what Fiat Chrysler (FCA) could achieve in the next few years if a proposed merger with Renault went through, the chairman of the Italian-American car maker said on Monday.
Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to confront the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker.
Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy capped gains.
Italian-American carmaker Fiat Chrysler on Monday proposed a merger of equals with France’s Renault in a deal that could create the world’s third-biggest carmaker and trigger a fresh round of industry consolidation.
European shares rose on Monday as investors snapped up automaker stocks following confirmation of merger talks between Fiat Chrysler and Renault, and after European parliamentary elections saw pro-Europe parties cling to a majority.
Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest carmaker.
French carmaker Renault said it was “studying with interest” the terms of the proposed merger with Fiat Chrysler (FCA).
The European Central Bank has extended a deadline for filling three top jobs at its bank supervision arm after it failed to hire any women for the roles, two sources said, illustrating the bank’s long struggle to attract female talent for senior positions.
Growing demand by Asia’s rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerland and London.
It could take more than one year for Fiat Chrysler and Renault to finalize a proposed merger of the two companies, FCA group’s chief executive told employees on Monday in a letter seen by Reuters.
Nasdaq withdrew its offer for Oslo Bors on Monday, giving pan-European exchange Euronext free rein to pursue its bid for the Norwegian stock market operator after a five-month battle.
American-Italian carmaker Fiat Chrysler has made an all share merger proposal to French rival Renault as part of a new wave of auto industry consolidation.
China’s Foreign Ministry said on Monday that any disputes between China and the United States should be resolved through talks.
Peugeot-maker PSA’s shares fell on Monday, which some analysts put down to the fact that Fiat had chosen to seek a merger with Renault rather than PSA.
Norway’s DNB will meet with Euronext before deciding whether to sell its 20% stake in Oslo Bors VPS to the pan-European stock market operator, the bank said on Monday.
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