Analysis: Any deal between Fiat Chrysler and Renault is likely to be an exception. Car-industry mergers have worked best in times of distress
Most successful auto mergers are born of crisis. Even if Fiat Chrysler does find a deal with Renault, investors shouldn’t expect a broader consolidation wave until industry profits look a lot shakier.
Hopes of a merger between the two car makers, seemingly dashed when the Italian-American company withdrew its proposal earlier this month, are reviving. Renault Chairman Jean-Dominique Senard staunchly defended the failed merger project during the company’s annual general meeting on Wednesday. More important, French Finance Minister...
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