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France seeks to fend off blame for FCA-Renault deal collapse

Video Credit: Rumble - Duration: 00:51s - Published < > Embed
France seeks to fend off blame for FCA-Renault deal collapse

France seeks to fend off blame for FCA-Renault deal collapse

According to Reuters, France was battling to defend its business strategy on Thursday after being blamed for damaging a $35 billion-plus merger between carmakers Fiat Chrysler and Renault.

Shares in FCA and Renault fell sharply in early trade after FCA pulled out of talks, saying “the political conditions in France do not currently exist for such a combination to proceed successfully.

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