On its face, the proposed merger looks like a tie-up of Fiat and Renault, companies that have struggled as the industry has witnessed surging sales.
Renault is in a longtime alliance with Nissan and Mitsubishi; that alliance could be ending, as its engineer, Carlos Ghosn, awaits trial in Japan.
The new entity, Fiat Chrysler Automobiles, has been a success. The Jeep and RAM brands have witnessed surging US sales, and Marchionne savvily spun off Ferrari, the crown jewel, in an IPO that unlocked what's now a nearly $30-billion market cap .No one has the details of why Renault-Nissan head Carlos Ghosn was arrested — but here are the main theories
I could spend another thousand words sifting through all the ins-and-outs of FCA's many-headed composition and detailing why this lucky beast — Italian and American, with hubs in Detroit and Milan but officially based in London and financially based in the Netherlands — is very difficult to sort out.
"FCA recognizes the standing and achievements of Groupe Renault's partners and sees significant expected benefits to all parties from the expanded partnership. The FCA and Groupe Renault combination together with its Nissan and Mitsubishi partners would be the largest global OEM alliance, selling more than 15 million vehicles annually."Obviously, this looks like an FCA-Renault hookup that's excluding Nissan-Mitsubishi.
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