The Board of Fiat Chrysler Automobiles which met under the Chairmanship of John Elkann, has resolved to withdraw with immediate effect its merger proposal made to Groupe Renault.
The press statement said that FCA remains firmly convinced of the compelling, transformational rationale of a proposal that has been widely appreciated since it was submitted, the structure and terms of which were carefully balanced to deliver substantial benefits to all parties. However it has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully.
FCA expresses its sincere thanks to Groupe Renault, in particular to its Chairman and its Chief Executive Officer, and also to the Alliance partners at Nissan Motor Company and Mitsubishi Motors Corporation, for their constructive engagement on all aspects of FCA’s proposal. FCA will continue to deliver on its commitments through the implementation of its independent strategy, the release added.
Marelli, a global technology partner to the automotive industry, will present at Auto Shanghai 2025 its technology based on a strategic platform approach, which streamlines hardware development, enabl...
Nissan announced it will launch its next generation Pro PILOT technology from fiscal year 2027. The system, featuring Nissan Ground Truth Perception technology with next-generation Lidar and Wayve AI ...
Karcher India has launched the eco!Booster, an advanced cleaning accessory that delivers 50% higher efficiency than standard flat jet nozzles.