Fiat Chrysler (FCA) has made a
merger proposal to Renault as part of a deal that would create
one of the main car manufacturers worldwide, the
Italian-American carmaker said Monday.
The French group's board was scheduled to discuss the
proposal on Monday, the French company said.
The plan, which was finalized in overnight talks with
Renault, would create five billion euros in estimated annual
savings, FCA said.
The portfolio would cover all segments of the market, from
luxury to mainstream, like Maserati and Alfa Romeo, Dacia and
Lada and would include Fiat, Renault, Jeep and Ram as well as
commercial vehicles, the carmaker noted.
The deal would create the third-ranked global manufacturer
with 8.7 million vehicles sold annually and a strong presence
across key regions and markets, FCA said.
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