Fiat Chrysler Automobiles withdraws merger proposal to Renault Group
FCA had submitted a merger proposal to the French automotive group last week
Fiat Chrysler Automobiles (FCA) has withdrawn its proposal to merge with the Renault Group, the company said in a press release today (6 June). The Italian-American automaker said that the political conditions in France are not ideal for such a merger to proceed successfully.
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