Thursday August 6, 2020

Fiat proposes Renault merger in latest drive for scale

Together, Fiat and Renault made about 8.7 million cars last year, which would put the pair past South Korea’s Hyundai and Detroit’s General Motors, but still behind Volkswagen and Toyota

27th May, 2019
Renault to study 'friendly' Fiat proposal'. Pic: Getty

The transaction would be structured as a 50-50 ownership through a Dutch holding company, Fiat said on Monday. Renault shareholders, including the French government, would get an implied premium of about 10 per cent. In a statement, Renault’s board said it would study what it called a “friendly” proposal.

The car makers are moving ahead without Renault’s 20-year partner, Nissan, and Mitsubishi Motors, the other member of their troubled alliance. Fiat has...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 3 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 7 months ago