Italy's Salvini Hopes Fiat Chrysler-Renault Tie-Up Succeeds

Date : 05/27/2019 @ 12:24PM
Source : Dow Jones News
Stock : Fiat Chrysler Automobiles N.V. (FCAU)
Quote : 13.64  0.0 (0.00%) @ 9:00AM

Italy's Salvini Hopes Fiat Chrysler-Renault Tie-Up Succeeds

Fiat Chrysler Automobiles (BIT:FCA)
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   By Pietro Lombardi 
 

Italy's deputy prime minister, Matteo Salvini, said Monday he hopes for a successful tie-up between Fiat Chrysler Automobiles NV (FCA.MI) and Renault SA (RNO.FR).

"If Fiat grows, it is good news for Italy," he said at a press conference.

"I count on the operation to be brilliant and forward-looking, preserving every single job in this country while creating a European car industry giant."

The comments came a few hours after Fiat Chrysler unveiled a merger proposal with French car maker Renault that would create the third-largest auto maker by production.

 

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

 

(END) Dow Jones Newswires

May 27, 2019 07:09 ET (11:09 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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