As Leaders Quarrel, Fiat and Renault Seek Detente in Car Deal
- Macron, Salvini have been at loggerheads in recent months
- Fiat Chrysler, Renault merger plan triggers contrasting stands
Source: Bloomberg
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French and Italian leaders have reveled in throwing mud at each other, but two of the countries’ flagship companies are now looking beyond the bad blood to cozy up to each other.
The prospective deal, a proposal by Fiat Chrysler Automobiles NV to merge with Renault SA, could create the world’s third-biggest carmaker. The prospect is already triggering contrasting responses from politicians, though the Italian company has said there won’t be plant closures as a result of the combination.