Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • Drew Dowdell
    Drew Dowdell

    By Drew Dowdell •

    FCA-Renault Merger Moves Forward

      ...FCA accepts a compromise from the French government...

    The merger between FCA and Renault has crossed another hurdle overnight with FCA agreeing to a compromise with the French government.   The issue surrounded the French government's desire for a guaranteed seat on the company's board of directors and effective veto power on CEO appointments.  In a compromise, Renault would give up one of its own board seats for one occupied by a representative of the French government. The makeup of the board would then be 4 seats allocated to FCA appointees, three to Renault appointees, and one to the French government. France is Renault's largest shareholder with a 15% stake in the company. 

    Additionally, Renault would give up one of its two seats on the 4 member CEO selection committee to the French government. 

    The new proposal goes to Renault's board for consideration. 

    • Like 1
    Go to articles

    User Feedback

    Recommended Comments

    G. David Felt

    I see nothing stopping this from moving forward into the 3rd largest auto company in the world and hopefully a clean up of brands and the mess they have. Be interesting to see where Nissan stands after this, but my gut tells me the Japanese will be happy to stick with being independant and just co-producing platforms to share costs.

    ?

    I wonder if this means "Alfa has a Hemi" Spawn Child style! :P 

    Link to comment
    Share on other sites
    Potluck
    1 minute ago, Drew Dowdell said:

    I think that's up to a higher power..... 

     

    6 minutes ago, smk4565 said:

    So does this mean Carlos Ghosn won’t be CEO?

    Get digging...

    Link to comment
    Share on other sites
    Robert Hall

    I wonder if this could lead to a return of Renault to the US.  Some of their hot hatches or the Alpine coupe would be nice to see here.  And would the new company be abbreviated RFCA or FCRA? 

    Link to comment
    Share on other sites
    G. David Felt
    13 minutes ago, Robert Hall said:

    I wonder if this could lead to a return of Renault to the US.  Some of their hot hatches or the Alpine coupe would be nice to see here.  And would the new company be abbreviated RFCA or FCRA? 

    That is a good question of what the Alphabet soup would look like.

    Not sure if Renault should come back to the US. Like Alfa and Fiat, they do not have the best reputation here and with the tradewars going on, might be best to invest in the American name plates and grow that business, shutdown AGAIN Fiat and Alfa and focus on profits.

    Link to comment
    Share on other sites
    G. David Felt
    2 hours ago, riviera74 said:

    The French government will still be an impediment one way or another.  Somebody needs to get the French to sell their 15% back to the private sector.

    Socialism is no difference than communism in regards to those wanting to be in power and control all.

    Let them have their 15% and long term destroy the mess of a company.

    Link to comment
    Share on other sites
    Robert Hall

    Saw an article this evening that the deal is off, FCA pulled out. 

     

    https://jalopnik.com/fca-abruptly-backs-out-of-merger-negotiations-with-rena-1835283914?utm_source=jalopnik_facebook&utm_medium=socialflow&utm_campaign=socialflow_jalopnik_facebook&fbclid=IwAR2IL8ZnzdpzCsAJszkZJnA-K8L2SezeyWgWE0DTvTBPrhYgfJNymKbpMC0&/setsession

    Edited by Robert Hall
    • Thanks 1
    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×



  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Kia just showed off in Brussels their Global release of the EV3, EV4, and EV5 GT editions. Full details are here. Kia electrifies Brussels Motor Show with three new GT models: EV3, EV4 and EV5 | Releases | Official Media Site NEWSROOM
    • oldshurst442
      Random Thoughts Thread

      By oldshurst442 · Posted

      Phoque him and las vegas!!! Phoque the whole damned country that is the usa!!!  Fix your own shyte! Canadians need not be a money mine for any american tourist site or area!!! trump and many maga a&&hol3s want to make Canada an enemy and actually want to occupy Canada. Many other americans are phoquing clueless to  trump's bullshyte!!!   Phoque that!!! There are only a hair above 40 million Canadians. There are a hair below 350 million americans.  trump said and continues to say that he and the usa does not need anything Canadian.  So phoque trump and phoque the usa!!!  Let americans visit and tourist las vegas and any other american area.  desantis who says continually "who needs Canadians?" and he FALSELY claimed last December  that florida had record breaking visitors mocking Canada's boycott to florida!!! Like I said...fix your OWN shyte!!!  Let the mayor of las vegas strike up a deal and pour marketing money INTO florida begging floridians to visit las vegas.  There are a hair below 25 million a&&hol3s in florida. floridians could visit las vegas!!!  And las vegans and nevadans could return the favour and visit Disney...  In fact, all of america could visit there OWN phoquing country and do their own phoquing tourist vacations within their OWN phoquing dumb a$$ country!!! Canada and Canadians NEED to stay the PHOQUE away from shytty usa!!!  Get killed by an ice agent?  Phoque off!!! Get accosted by a border agent???  Phoque off!!! Get robbed by a desperate down and out american loser because he voted for trump and trump phoqued him?  Phoque off!!!  But you know what the REAL sad news is about this whole shyte???!!!   https://www.cbc.ca/news/canada/calgary/southern-alberta-mustangs-collision-9.7071643   Rest in Peace 3 Southern Alberta Mustang junior hockey players died in a car crash yesterday afternoon. 2 were from British Columbia and the other boy from Birmingham Alabama.  ALABAMA... The kid was from Alabama playing hockey. In CANADA!!!  And the reverse happens quite often. Kids from Flin Flon Manitoba, play in the States in hockey with US scholarships...   Kids from Boston come to Montreal  and play for McGill or Concordia and Montreal kids play for Boston College...  Its quite sad that trump has made us enemies...   Its even sadder that some americans have accepted it!!!   
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Hyundai Reported Sales
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      I find it funny that the Mayor and other politicians are begging Canadians to return to Vegas, but Mexico has won out, so I do not see them returning and the amount of visitors to Vegas has dropped to levels from 2000 to 2003. Billions lost and deserved based on the stupidity of the U.S. Canadian airlines are abandoning Las Vegas at levels not seen since 2006
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      OUCH so happy this is blowing up in the idiot administrations face. Don Lemon’s arrest turned into a MAGA misfire

  • Who's Online (See full list)

    • There are no registered users currently online

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search