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French automaker Renault intends to return to negotiations with Japanese automaker Nissan on the merger of companies, the Financial Times writes, citing informed sources. According to sources, Renault also plans to purchase the Fiat Chrysler auto concern in the future. These plans of the French automaker are aimed at creating a unified company capable of competing with Volkswagen and Toyota in the struggle for leadership in the global market. According to one source, Renault had already negotiated a merger with Fiat Chrysler several years earlier, but the French government prevented it. Fiat Chrysler’s market capitalization exceeds 20 billion euros. The total value of Renault, Nissan and Mitsubishi is more than 50 billion euros.
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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 ...
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