Heard on the Street: Fiat Chrysler is on the right road with its merger proposal for Renault, but who will drive?
Big personalities get in the way of big merger agreements. A tie-up between Fiat Chrysler Automobiles and Renault has a better chance of succeeding than most such proposals because both companies have lost larger-than-life bosses over the past year.
Sergio Marchionne, the late chief executive of FCA, was a big proponent of consolidation in the car industry—he famously wanted a merger with General Motors. An irony of his untimely death last July is that it actually may clear the path to the next big car-industry merger.
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