Fiat Chrysler's plan to merge with Renault would create a car company with a combined value of about $37 billion
Fiat Chrysler Automobiles NV said Monday it was proposing a merger with Renault SA, a move that is likely to shake up the global automotive industry.
In a news release, the company said the combined business would be 50% owned by FCA shareholders and 50% by Groupe Renault shareholders with a “balanced governance structure.” They said the majority of the board would be independent.
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