auto merger

Automaker Fiat Chrysler Automobiles NV (NYSE: FCAU) said Wednesday evening it has withdrawn its proposal to acquire European automaker Renault due to political concerns in France. What Happened Fiat Chrysler said in a press release its proposed merger of equals with Renault has been withdrawn with...

According to a new report by the New York Times, General Motors Company (NYSE: GM) rejected a merger proposal from Fiat Chrysler Automobiles NV (NYSE: FCAU) CEO Sergio Marchionne back in March. Machionne reportedly emailed GM CEO Mary Barra to suggest the merger, but the proposal apparently...