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Fiat Chrysler Unveil Renault Merger Proposal



Fiat Chrysler Automobiles NV has proposed a merger with French rival Renault SA, a move that would create the third-largest auto maker by the production and scramble order of the global automotive industry.

Fiat Chrysler said the combined business would be 50% owned by its shareholders and 50% by Renault shareholders with a balanced governance structure. The Italian-American cargo, which in addition to its namesake Fiat also sells the popular Jeep and Ram truck brands, said the majority of the board …
  


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