The auto world is stirring today as news has emerged of a potential merger between Fiat Chrysler (NYSE:FCAU) and Renault (OTCPK:RNSDF). The pair are looking to pool their resources and expertise—all the while lowering costs—in a venture that would see the combined business owned 50/50 between shareholders.
The markets are already reacting strongly to the proposition with shares of both companies skyrocketing.
Fiat Chrysler has jumped 13% on the Borsa Italiana exchange and Renault, 11.5% on the Euronext Paris exchange. Let’s check this out.
Fiat Chrysler and Renault MergerIf the merger ...
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