A Fiat logo at a car dealer in Turin on Monday. Photo: AFP

Fiat Chrysler eyes US$40 billion merger with Renault to create world’s third biggest carmaker

  • Merged manufacturer would produce 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota
  • Shares of both companies jumped on the news of the offer, which would see each side’s shareholders split ownership
Topic |   Autos

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A Fiat logo at a car dealer in Turin on Monday. Photo: AFP
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