Renault Fiat Chrysler

Fiat Chrysler abruptly withdrew an offer to merge with French automaker Renault late Wednesday a shocking reversal of a deal that could. Fiat Chrysler is proposing a merger with French carmaker Renault aimed at saving billions of dollars for both companies.

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Fiat Chrysler had proposed merging with Renault to create the worlds third-biggest automaker worth almost 54 billion.

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