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Renault Shares Tank After Fiat Chrysler Dump Merger

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On Thursday morning, Renault shares plunged 8% after Fiat Chrysler pulled its offer for the French carmaker. Business Insider reports that French government officials on Renault's board postponed making a decision on Wednesday. Renault wanted more time to secure the support of long-time rival Nissan. "It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully," Fiat Chrysler said.

Added on the 06/06/2019 07:40:27 - Copyright : Wochit

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