Fiat Chrysler's proposal to merge with Renault would make the resulting company the world's No. 3 automaker. It comes at a troubled time for the Renault-Nissan-Mitsubishi alliance, following the arrest of leader Carlos Ghosn.
FILE - In this Feb. 14, 2019, file photo, this is the Fiat logo is mounted on a 2019 500 L on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. Fiat Chrysler is proposing a merger with French carmaker Renault aimed at saving billions of dollars for both companies.
The proposal indicated that Renault’s existing alliance with Japan’s Nissan and Mitsubishi could continue and that the companies would benefit financially from the deal through extra savings. The two are somewhat complementary: Fiat Chrysler is stronger in the U.S. and SUV markets, while Renault is stronger in Europe and on electric vehicle developments.since the November arrest of its boss and biggest champion, Carlos Ghosn, on financial misconduct charges in Japan. Together, the three companies are the biggest maker of passenger cars in the world.
Another French government official told The Associated Press that France would prefer a tie-up within the existing Renault-Nissan-Mitsubishi alliance. She said the companies have been discussing a merger for weeks but the French government was only informed last week.
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