Hot! Nissan & Renault in Talks to Merge and Create New Company

[EnI]

Good news for both companies & their shareholders ... Much worse news for the suppliers though. Merged company plans to cut costs up to $4.5 billion per year - without closing facilities & firing employees. So, it's clear the suppliers will be affected the most.

 

[Centurion]

Good news for both companies & their shareholders ... Much worse news for the suppliers though. Merged company plans to cut costs up to $4.5 billion per year - without closing facilities & firing employees. So, it's clear the suppliers will be affected the most.

Suppliers will be squeezed but in all honesty some of them, suppyling ICE drive train components will have to pivot their business anyways or else they will be irrelevant in 10 years time.

 

[SCOTT27]

Somewhere in a jail cell near Tokyo. Carlos Ghosn is either making a shiv or a shovel out of chopsticks when he heard the news.

 

[Mr. Mercedes]

Which brings us (back) to future BMW - Daimler/ MB alliance ...

Any more news on this front Eni?

 

[dalab]

Manley sold $3.5 million in FCA shares a day after Renault offer

Fiat Chrysler Automobiles CEO Mike Manley sold more than a quarter of his FCA shares on Tuesday, one day after the automaker announced a merger offer for Renault. Manley declared the sale in a filing to the Dutch financial markets authority, AFM. FCA is a Dutch-registered corporation.

Shares in FCA and Renault both jumped Monday, with FCA gaining 8 percent to 12.37 euros ($13.85) in Milan and Renault jumping 12 percent to 56.03 euros in Paris. Wall Street was closed Monday for Memorial Day, but FCA's New York-traded shares shot up Tuesday, quickly aligning to the Milan price.

In his filing to the AFM, Manley declared selling 250,000 shares at an average price of $13.85 for a total value of $3.5 million.

 

[dalab]

autonews.com/executives/why-fiat-chrysler-walked-away-renault-merger-deal

FCA, Renault shares drop after merger talks collapse

 

[CrunchSlaughtered]

The whole story was so strange, something bigger must be on the way.

 

[SCOTT27]

EU meddling?

 

[EnI]

What's next then? An attempt of FCA + PSA merger? No French state stake there in PSA. But there's Chinese state-owned Dongfeng Motors (12% stake in PSA) instead. But FCA + Reanult/Nissan is much better marriage. Much broader, more global company. With more disperse market penetration across the globe with all the FCA + Renault/Nissan brands & products.

Gay porn vibe much? OREO ...

 

[tristatez28lt1]

This story isn’t over...and I’m sure the talks started a long, long time ago. You don’t put that together in a couple of months. Something like this, at least the idea, must’ve started years ago

 

[picsoubmw]

French state still have stake in PSA indirectly, they sold their share to Bpi France which is a public investment bank owned by the French state at 50% and by the Caisse des Dépôts et Consignations (Deposits and Consignments Fund) at 50% which is a French public sector financial institution.

I think it would be terrible for Renault to merge with FCA, they have little to earn in it.