Fiat offers joint venture to Renault. Will they create a new automotive giant?

Fiat offers joint venture to Renault. Will they create a new automotive giant? Italian Fiat Chrysler offered a merger to the French Renault group. Formally, a new company would be created with a market value of 32 billion euros, which would be half owned by Fiat shareholders and half by Renault shareholders. The French agreed…