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Automakers Fiat Chrysler Automobile and Renault are negotiating partnerships, discussing the exchange of shares and the prospect of a full merger. This was reported to The Financial Times and the Wall Street Journal by sources familiar with the situation. If companies agree on a merger, then a new car manufacturing company will appear in the world, which will produce 9 million cars a year. Its capitalization will be about 37 billion dollars. According to these indicators, it will be the third in the world after Volkswagen and Toyota. Combining the financial and technological resources of the two companies will enhance their competitiveness, especially in view of the challenges that the automotive industry is facing today in the world. Sources also said that at the first stage of cooperation, companies can exchange stocks.
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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