Fiat-Chrysler suddenly withdraws industry-rattling merger proposal with Renault

Fiat-Chrysler Automobiles (FCA) has spent several years looking for a partner to merge with in order to save money on research and development. It looked like its search was finally over, it sent Paris-based Renault a proposal that outlined the terms of a 50/50 merger, but it suddenly withdrew its offer on June 5, 2019.

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