Fiat Chrysler and Renault: a motoring mega-merger

A proposed merger between car giants Fiat Chrysler and Renault could be good news for both companies. Alex Rankine reports.

949_MW_P07_Shares

Jean-Dominique Senard: low key
(Image credit: 2019 Getty Images)

The car industry is going through its biggest changes "for 125 years" as the age of internal combustion draws to a close, writes Larry Elliott in The Guardian. That is forcing companies fearful of becoming "museum pieces" into ever- larger combinations. Italian-American carmaker Fiat Chrysler Automobiles (FCA) confirmed on Monday that it is seeking a merger with French peer Renault. The tie-up would create the world's third-biggest carmaker, or the largest if Renault partner Nissan's production is included. Shares in both companies shot up by more than 16% on news of the talks.

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.