FCA Proposed Merger With Renault Could Lead to Captive Discussions
A Fiat SpA Strada Double Cab vehicle is reflected in the wheel of a 1957 Fiat 500 standing in front of the Chrysler Group LLC headquarters in Auburn Hills, Michigan, U.S., on Tuesday, May 6, 2014. Fiat SpA Chief Executive Officer Sergio Marchionne laid out an aggressive plan to boost annual deliveries to about 7 million vehicles in the next five years and remake Alfa Romeo, Maserati and Jeep into brands with a global reach. Photographer: Jeff Kowalsky/Bloomberg
Fiat Chrysler Automobiles’ merger proposal to Groupe Renault is likely to lead to discussions of creating a captive finance arm to “support the level of volume the new organization could attain,” Zohaib Rahim, manager of economics and industry insights at Cox Automotive, told Auto Finance News. “Last year, [former FCA Chief Executive] Sergio Marchionne mentioned […]
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