Renault and Fiat Chrysler Investigate Merger

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Renault and Fiat Chrysler Investigate Merger

Renault’s Board of Directors met today to examine the proposal received from FCA (Fiat Chrysler Automobiles) regarding a potential 50/50 merger between Renault S.A. and FCA.

After careful review of the terms of FCA’s friendly proposal, the Board of Directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance.

A further communication will be issued in due course to inform the market of the results of these discussions, in accordance with applicable laws and regulations.

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Founded by Alan Zurvas, Gay Car Boys burst in to life 15 years ago. Articles published in well-known Gay Lifestyle sites such as SameSame.com.au, and starobserver.com.au attracted enthusiastic gay writers with an interest in cars. GayCarBoys.Com followed, and we now regularly take you for a spin and talk cars the gay way. We update you with news and other reviews, relevant to the LGBT community. Think queer glamorous and delicious.