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Groupe Renault expresses its disappointment after withdrawal of FCA merger proposal

Groupe Renault expresses its disappointment after withdrawal of FCA merger proposal

Groupe Renault expresses its disappointment not to have the opportunity to continue to pursue the proposal of FCA (Fiat Chrysler Automobiles).

We are gratified by the constructive approach of Nissan and wish to thank FCA for their efforts and the Renault’s Board of Directors for its continued confidence.

We view the opportunity as timely, having compelling industrial logic and great financial merit, and which would result in a European based global auto powerhouse.

Further, we believe it emphasises the attractivess of Renault and of the Alliance.

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