Fiat Chrysler (FCAU, $12.85) to probably join the Nissan-Renault-Mitsubishi alliance
The Italian-American automaker Fiat Chrysler and French automaker Renault are reportedly exploring opportunities to work together in future. So perhaps a partnership is on the horizon.
However, it is still unclear whether the probable partnership would also mean Fiat eventually joining Nissan-Renault-Mitsubishi alliance, the French-Japanese strategic partnership since 1999 joined together through a cross-sharing agreement.
Apparently, The Financial Times was the first to get hands on the story. Back in March, it reported that Renault is likely to initiate merger discussions with Nissan within a year which may further lead to the acquisition of Fiat Chrysler.
Fiat’s CEO seems to be extremely eager to join the partnership as he believes it may make the company even stronger.
If Fiat Chrysler eventually becomes part of the Nissan-Renault-Mitsubishi alliance, the latter would become the largest global automaker specializing in a plug-in electric vehicle with annual combined sales of 15.6 million cars. Currently, the Alliance is led by Volkswagen that alone sold 10.8 million last year.
General Information
a company which manufactures, distributes and sells vehicles, components and production systems
Industry MotorVehicles