Fiat Chrysler Puts Merger Offer to Renault That Would Create World’s Third Largest Car Manufacturer

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By William Cole

Italian-U.S. auto giant Fiat Chrysler presented a merger proposal to France’s Renault on Monday that would create the world’s third largest automaker.

Fiat Chrysler delivered a non-binding letter to Renault proposing “a combination of their respective businesses as a 50/50 merger,” with a group that would be listed in Paris, New York and Milan, it said in a statement.

Renault said its board would meet on Monday to discuss the offer. According to a source

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