Nissan and Renault have been tied together as an alliance for nearly 20 years, but now the Japanese and French automakers are discussing whether to merge. Bloomberg, citing unidentified sources familiar with the confidential talks, reports that the idea is to form a single publicly traded company to better compete against giants like Toyota and Volkswagen.
"The primary focus is the execution of the plan," he said.
It wasn't without controversy, but at last the deal is done.
Sergio Marchionne is very publicly seeking a merger between FCA and GM. It may work out well for him, but is it the right choice for the long haul?
Spyker has exited bankruptcy protection in the Netherlands, and is now preparing to merge with Portland-based electric aircraft manufacturer Volta Volaré.
Rebuffed in his advances, Fiat Chrysler chief Sergio Marchionne is now reportedly turning to activist investors to compel General Motors into considering a merger.
The New York Times reveals that Sergio Marchionne sent Mary Barra an email in March suggesting the two get together to discuss merging Fiat-Chrysler and General Motors.
Dutch courts have granted Spyker's petition and overturned a previous bankruptcy ruling, paving the way for the exotic automaker to get back in business - with plans to produce the B6 Venator, merge with an electric aircraft manufacturer and produce its first electric vehicle.
"For sure, these two companies have a natural attraction to each other." –John Krafcik
Even though Fiat CEO Sergio Marchionne has repeatedly said he won't pick up, leave Italy and take his Fiat factories with him, his occasional pointed comments about the challenges of running operations in that country has worried Italian politicians dealing with government, economic and labor-force seizures the past few years. After Fiat Industrial announced it was moving its headquarters to London and it was rumored that the car division's HQ would move to Auburn Hills, MI after the merger with
Earlier reports of a merger between the American Le Mans Series and the Grand-Am Rolex Sports Car Series have proven to be well founded today, as representatives from both series have confirmed that the merger is indeed taking place.