Auto Consolidation Is Vital but Needs a Crisis

Analysis: Any deal between Fiat Chrysler and Renault is likely to be an exception. Car-industry mergers have worked best in times of distress

Most successful auto mergers are born of crisis. Even if Fiat Chrysler does find a deal with Renault, investors shouldn’t expect a broader consolidation wave until industry profits look a lot shakier.

Hopes of a merger between the two car makers, seemingly dashed when the Italian-American company withdrew its proposal earlier this month, are reviving. Renault Chairman Jean-Dominique Senard staunchly defended the failed merger project during the company’s annual general meeting on Wednesday. More important, French Finance Minister...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

While Wall Street obsesses over Tesla, one other auto stock is staging a quiet breakoutWhile Wall Street watches Tesla, one auto stock is staging a quiet breakout $TSLA $F (via TradingNation)
Read more »

Lightning struck Russian plane before it crashed: investigationLightning struck a Russian Sukhoi Superjet 100 aircraft knocking out its auto pi...
Read more »

Workers at Volkswagen Plant in Tennessee Vote Against UnionThe United Auto Workers suffered another crushing defeat at Volkswagen’s factory in Chattanooga, Tenn., as workers again rebuffed the union’s efforts to organize the plant’s blue-collar workforce.
Read more »

Volkswagen's factory workers in the US reject unionWorkers at Volkswagen's only US factory narrowly defeated an effort by the United Auto Workers union to organize the Chattanooga, Tennessee plant.
Read more »

Union Vote at Volkswagen Plant in Tennessee Could Change IndustryEmployees are wrapping up a vote at Volkswagen’s factory in Tennessee that will determine whether the United Auto Workers Union will be successful in organizing its first foreign-owned car plant in the U.S. South.
Read more »

Broadcom flashes a broader economic warningThe $105 billion chipmaker’s woes extend far beyond the U.S. ban on exports to China’s Huawei. Broadcom’s rapid expansion has made it a supplier to everybody from mobile phone firms to telcos to the auto industry. When their demand for chips declines, growth often slows too.
Read more »