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Fiat Chrysler announces 50-50 merger with Renault

Updated : May 27, 2019 01:01 PM IST

Fiat said the combined business would be 50 percent owned by FCA shareholders and 50 percent owned by those of Renault.
Pressure for consolidation among carmakers has grown with the challenges posed by electrification, tightening emissions regulations and expensive new technologies being developed for connected and autonomous vehicles.
Fiat Chrysler announces 50-50 merger with Renault
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