GM sues Fiat Chrysler, alleging union bribery scheme cost it billions
General Motors Co. on Wednesday filed a racketeering lawsuit against Fiat Chrysler Automobiles NV, alleging that its rival bribed United Auto Workers (UAW) union officials over many years to corrupt the bargaining process and gain advantages, costing GM billions of dollars. GM also alleged that ...
Fiat Chrysler and PSA Group boards sign off on plan for $49 billion merger
The boards of French carmaker PSA Group and Italian American rival Fiat Chrysler Automobiles NV have approved a preliminary plan to merge, according to a joint statement, creating a combined automaker that would rank among the world's largest. Under the proposal, shareholders of each company ...
Fiat Chrysler and Peugeot owner PSA Group exploring potential merger
Fiat Chrysler Automobiles NV and French carmaker PSA Group are exploring a merger, in a potential deal that would reshape the global auto industry and create a European powerhouse to rival Volkswagen AG, people with knowledge of the matter said. The two companies are holding ...
Renault SA Chairman Jean-Dominique Senard said he would back a tie up with Fiat Chrysler Automobiles NV should another opportunity arise to get a deal. If the project with Fiat "were to come back under conditions that are acceptable for all, I would be delighted," ...
Nissan shareholders express concern over strained partnership with Renault
A number of stakeholders showed distrust toward Renault, as the two automakers have clashed over a proposed merger and Renault’s recent attempt to tie up with Fiat Chrysler.
Renault and Nissan agree to explore driverless services partnership with Waymo in France and Japan
If the partnership is realized, it will have ramifications for other alliances and other self-driving projects, most of which have yet to hit the road.
Macron to discuss Renault and Nissan with Abe next week, French official says
French President Emmanuel Macron will discuss the situation regarding the alliance between carmakers Renault and Nissan with Prime Minister Shinzo Abe next week, an official at Macron's Elysee office said. "There will certainly be a discussion during the meeting with Prime Minister Abe about questions ...
Nissan to accept Renault request for more representation on new committee: sources
Nissan will accept Renault’s request for more representation on the Japanese carmaker’s new board committees in a bid to secure approval for its governance reform proposal, sources say.
Revival of Fiat-Renault deal hinges on Nissan's backing and France's role
As Fiat Chrysler Automobiles NV and Renault SA move on from their failed merger talks, a revival of discussions would depend on overcoming at least two major obstacles. Fiat blamed "political conditions in France" when it withdrew its proposal, and a signal from the French ...
Renault's Jean-Dominique Senard weakened as Macron snubs meeting, say sources
French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government's interference at the carmaker, sources told Reuters, raising questions over Senard's future. News of the rebuff came as Renault shareholders met on Wednesday to ...
Advisory firm urges shareholders to vote against Nissan CEO Saikawa for 'clean break' from Ghosn
A proxy advisory firm urges Nissan shareholders to vote against the reappointment of CEO Hiroto Saikawa as a director, heaping more pressure on him as he struggles to find an accord with Renault.
Nissan extends olive branch to Renault as relations hit new low
In an interview with the Financial Times, Saikawa said Nissan must “make our peace” with the French carmaker and that the companies need to “stabilize and reinforce” their partnership.
