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A new merger between Renault and Fiat Chrysler will reshape the world of the automotive industry

A new merger between Renault and Fiat Chrysler will reshape the world of the automotive industry

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Renault said on Monday it was interested in the Fiat Chrysler Group's 50/50 merger in an agreement that would redraw the entire world of the automotive industry.

The news comes as Renault and its group look at options after its chief executive, Carlos Ghosn, was arrested in Japan, which could threaten the relationship and partnership with Japan's strong partner Nissan.

Renault has been in a state of confusion since November 2018 after the arrest.

Renault sources said the French company would enter into discussions on the merger and was considering the EC-friendly offer, which would give the company added value and boost its industrial footprint.

Investors' support for this potential proposal was positive on the stock markets as Renault's share price jumped more than 15 percent in Paris today and Fiat Chrysler's share price was more than 10 percent in Milan.
If established, the partnership will be the world's third-largest automaker and will have a positive impact on Fiat, which also has the ability to access Renault's technology in the field of electric vehicles.

In terms of Renault, the French company will be able to enter the Chrysler market in the United States and benefit from its experience in the field of trucks and SUVs.

The French government also supported the move, recalling that the French state owns a 15% stake in Renault,

For its part, Fiat confirmed that the merger would not close any production plants.

Currently, Nissan and Mitsubishi have a combined sales of about 10.8 million vehicles, slightly more than the German Volkswagen Group and Toyota, with sales of about 10.6 million vehicles each.

Renault has a 43% stake in Nissan, while Nissan owns 15% of French-Renault. There are pledges between the parties to maintain the alliance, but the alternations indicate that tensions will push Renault to look for alternatives.

The partnership will take place as a merger under a Dutch company and the new shares will be listed on the Paris, Milan and New York bourses, the sources said.

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