Cocoa: Korean Messenger launches Klip
The proposed merger between Renault and the Italian-american Fiat Chrysler (FCA) "is a real opportunity for Renault and the French automotive industry", said

Merger Fiat-Renault: a real opportunity, according to Bruno Le Maire

The proposed merger between Renault and the Italian-american Fiat Chrysler (FCA) "is a real opportunity for Renault and the French automotive industry", said

Merger Fiat-Renault: a real opportunity, according to Bruno Le Maire

The proposed merger between Renault and the Italian-american Fiat Chrysler (FCA) "is a real opportunity for Renault and the French automotive industry", said Friday the French minister of the Economy Bruno Le Maire, while a board of directors of the constructor renault is expected Tuesday. However, the French State, main shareholder of Renault, "will ensure strict compliance of the four conditions" that he has asked for this project, said the minister, listing: "the respect of the alliance Renault-Nissan, the preservation of jobs and industrial sites, a governance and balanced participation of the future group at the european project "battery electric".

" ALSO READ - Renault tries to reassure Nissan on the merger with Fiat-Chrysler

" SEE ALSO - Merger Renault-Fiat-Chrysler : "The share of the State in Renault will increase to 7,5%" (Bruno Le Maire)

"This project in particular allows you to deal with technological challenges considerable challenges facing the automotive industry: the electric vehicle, the autonomous vehicle, the vehicle is connected, and it allows synergies necessary to invest in these technologies," said Bruno Le Maire. The board of directors of Renault shall meet on Tuesday to respond to the proposal of merger made by Fiat Chrysler, and consider the opening of exclusive negotiations with the group italo-american, said the company. Fiat Chrysler has proposed last Monday the French manufacturer Renault as a "merger of equals" to form the number three in the global automotive industry. The proposal has been welcomed by the markets and the French State, but of the sensitive areas remain to be addressed.

" ALSO READ - proposed merger Renault-Fiat Chrysler, Nissan continues to convince

The proposed merger would create a new giant, with an annual production of 8.7 million vehicles and that weigh more than 30 billion euros on the stock exchange. The new entity would be owned 50% by the shareholders of the constructor, Italian-american, and 50% by Renault and would be listed in Paris, New York and Milan. The current president of FCA, John Elkann, grandson of Gianni Agnelli, the iconic boss of Fiat, who died in 2003, would be tipped to become president of the new entity, while Jean-Dominique Senard, current president of Renault, would become the executive chairman.

" ALSO READ - How Renault and Fiat-Chrysler want to merge to create the third manufacturer in the world

the FCA has ensured that the merger would result in no closure of production sites, while referring to annual synergies of more than 5 billion euros. Since Monday, some voices have been raised to cast doubt on the reality of these synergies or criticize an approximation which does not promote not enough, the Renault group or would pose threats on the job.

Publish Date : 01 Haziran 2019 Cumartesi 00:00

Breaking News Headlines

How to Follow the “3 Hobbies” Principle for Poker Players
How to Follow the “3 Hobbies” Principle for Poker Players
One Way Backlink from News Sites for Forex Companies
One Way Backlink from News Sites for Forex Companies
Forex Brokers you can Deposit via Paypal
Forex Brokers you can Deposit via Paypal
What time do they close the bars, pubs and clubs in each autonomous community?
What time do they close the bars, pubs and clubs in each autonomous community?
One out of every five self-employed have at least one worker in their charge
One out of every five self-employed have at least one worker in their charge
19% of british companies that cut their earnings forecasts cited Brexit
19% of british companies that cut their earnings forecasts cited Brexit
Employment estimated that only one out of every three contracts to support entrepreneurs to survive in the present
Employment estimated that only one out of every three contracts to support entrepreneurs to survive in the present
The aircraft deliveries of Boeing recorded in July, its worst level since November 2008 for the 737 MAX
The aircraft deliveries of Boeing recorded in July, its worst level since November 2008 for the 737 MAX
In spite of the crisis in the case of Media Markt & Saturn: mother-to-group makes large profit
In spite of the crisis in the case of Media Markt & Saturn: mother-to-group makes large profit
Tug-of-war to Metro: trade group rejects billion Takeover
Tug-of-war to Metro: trade group rejects billion Takeover
Bitcoin price under $ 10,000: crypto-Scam to blame?
Bitcoin price under $ 10,000: crypto-Scam to blame?
Bitcoin-exchange-Coinbase wants to be the largest crypto-Trustee of the world
Bitcoin-exchange-Coinbase wants to be the largest crypto-Trustee of the world
Pages
NEWS ARCHIVES