The Italian automaker Fiat Chrysler (FCA) withdrew from the merger deal with the French Renault (RNO). According to the company info, the merger proposal was rejected by the French government, which owns 15 % of Renault.
If the 35 billion euros merger would have continued, the companies would have created the world’s third largest car manufacturer. Shares of Nissan´s and Renault alliance partner Mitsubishi Motors fell in Tokyo today, while Fiat closed yesterday down 3,3 % to 12,75 dollars in New York. Renault traded yesterday down 0,65 % to 56,20 dollars in Paris.