Italian government will defend national interest in the FCA- Renault merger and ...
FILE PHOTO: Fiat Chrysler Automobiles worker Mario Marcello Giulisano poses at the entrance of the Mirafiori plant in Turin, Italy May 15, 2019. Picture taken May 15, 2019. REUTERS/Massimo Pinca/File Photo
MILAN - Italian government will defend national interest in the FCA- Renault merger and might ask for a stake in the new global automaker to match French state holdings, a prominent League ruling party lawmaker said on Monday. Fiat Chrysler has made a “transformative merger” proposal to Renault, the Italian carmaker said on Monday, in a deal which would create a world leader and help address some of the weaknesses in both automakers.“We might ask for symmetry” in governments’ stakes, he said.
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