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Fiat Chrysler in Talks to Merge With France's Renault Fiat Chrysler Automobiles NV (FCA) is in talks to merge with the French carmaker Renault SA (RNO.PA) in a deal that would create one of the world’s largest carmakers. The two companies have been in talks for weeks and are now close to finalizing a deal that could be announced as soon as Monday, according to people familiar with the matter. The deal would create a company with annual sales of more than $190 billion and could give the combined company a stronger foothold in Europe and other markets. The merger talks are part of a larger trend of consolidation in the auto industry as companies look to cut costs and invest in new technologies.
The Fiat Fastback reaches a record 11th place in Brazil in July. New light vehicle sales in Brazil edge up 1.3% year-on-year in July to 230,223, leading to a year-to-date tally up 4.4% to 1,361,494. Fiat (+0.3%) is stable and lodges its first 50,000+ sales month of the year with a 22% share. This is
There will be no new trial for a class action lawsuit that alleges Chrysler active head restraints are defective. Fiat Chrysler began equipping vehicles with “active head restraints” in 2010, eventually totaling about 8.6 million vehicles nationwide.