Fiat-Renault would be ‘world leader’ in AVs and EVs

Fiat Chrysler Automobiles (FCA) has suggested a merger with Renault which it believes would make the combined company a ‘world leader’ in new mobility technologies. The proposal stems from discussions between both companies to identify products and geographies in which they could collaborate. FCA says the case for combination is strengthened by the need to take bold decisions to capture opportunities such as connectivity, electrification and autonomous vehicles (AVs). The combined business is expected
May 28, 2019 Read time: 2 mins

1674 Fiat 1958 Chrysler Automobiles (FCA) has suggested a merger with 2453 Renault which it believes would make the combined company a ‘world leader’ in new mobility technologies.

The proposal stems from discussions between both companies to identify products and geographies in which they could collaborate.

FCA says the case for combination is strengthened by the need to take bold decisions to capture opportunities such as connectivity, electrification and autonomous vehicles (AVs).

The combined business is expected to sell approximately 8.7 million vehicles annually as well as lead in electric vehicle (EV) technologies.

Reports suggest that France’s finance minister Bruno Le Maire is seeking to protect local jobs and ensure that no factories in the country shut down if the %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external deal false https://uk.reuters.com/article/us-renault-m-a-fiat-chrysler/france-insists-any-renault-fiat-deal-must-protect-french-jobs-le-maire-idUKKCN1SY0FR false false%>goes ahead.

Speaking to RTL Radio, he described the plan as a good opportunity for Renault and the European car industry but emphasised that the government would seek guarantees in exchange for backing the deal.

These include the preservation of industrial jobs at French sites, for the country to be well represented on the board of the new company, for it to lead in the development of electric batteries and for the deal to take place within the framework of the existing alliance between Renault and 838 Nissan.

For more information on companies in this article

Related Content

  • Lyft updates app to boost two-wheeled travel
    October 2, 2019
    Lyft is tweaking its app in a bid to make it easier for users to switch between different modes of travel - including scooters, bikes, public transit and car rentals. The ride-share firm has added shared bikes and scooters to its app over the past year and says more people are opting for its ‘greenest ride options’. The app displays mobility options in a city and Lyft says it helps users find the safest routes for bikes and scooters. The app will also allow users to compare the time and cost acro
    Read More
  • Early bird registrations open for ITS Europe
    March 20, 2019
    ITS Europe has opened early bird registrations for this year’s congress taking place in Eindhoven from the 3-6 June. Under the theme ‘Fulfilling ITS Promises’, the European Programme Committee is presenting seven topics. These include deploying new mobility services – from experiments to experience; a breath of fresh air; connected, cooperative and automated mobility; enhancing the efficiency of freight transport; enablers of digital infrastructure; transport network operations; and disruption start-ups &
    Read More
  • Workshop helps SMEs enter electric vehicles supply chain
    February 27, 2014
    The EU funded Innovative Transport SME Support Action (INTRASME) SME Opportunity Workshop in Berlin on 3 April 2014 will provide small and medium enterprises (SMEs) with an opportunity to understand the electric vehicle supply chain and how it can differ from the more traditional internal combustion engine vehicle supply chain process. The workshop, co-located with Supercapacitors Europe, will focus on the marketing opportunities for SMEs in the light carbon vehicle, light aircraft and smart mobility sec
    Read More
  • Presentations from 2012 Connected Vehicle Safety Workshop now available online
    October 4, 2012
    PowerPoint presentations from September’s Connected Vehicle public meeting in Chicago are now available for viewing on the internet. The meeting, which was organised by the Intelligent Transportation Systems Joint Program Office (ITS JPO), focused on vehicle-to-vehicle safety, the current safety pilot model deployment, development of a robust vehicle-to-infrastructure environment, connected vehicle deployment strategies, and preparation for NHTSA's 2013 decision. In addition, participants had an opportunit
    Read More

Highlighted Content