MILAN: Fiat Chrysler has pitched a finely balanced merger of equals to Renault in a move to cope with the costs of far-reaching technological and regulatory changes by creating the world’s third biggest carmaker.
If successful, the US$35bil-plus tie-up would alter the competitive landscape for rivals including General Motors and Peugeot maker PSA Group, which recently held inconclusive talks with Fiat Chrysler (FCA).
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