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Business Matters: Renault in talks to merge with Italy's Fiat

Picture: Reuters/ Mohamed Abd El Ghany

28/05/2019 GMT

Renault in talks to merge with Italy's Fiat

BBC World Service - Business Matters, Renault in talks to merge with Italy's Fiat

Fiat Chrysler has made a "transformative" merger proposal for French carmaker Renault

The combined business would be 50% owned by Fiat shareholders and 50% by Renault stockholders, with 8.7 million vehicle sales.

Fiat Chrysler said the planned merger would create a "world leader in the rapidly changing automotive industry with a strong position in transforming technologies, including electrification and autonomous driving". The BBC's Roger Hearing talks to Sven Beiker, founder of Silicon Valley Mobility, a transport consultancy in Palo Alto, California. Meanwhile, the rise of hand carwashers across Europe might seem to run against the trend for automation of repetitive, low revenue jobs. Some carwashing startups have been accused of operating near 'slave labour' conditions. Our reporter Laura Heighton-Ginns investigates. And we hear from our North America technology correspondent, Dave Lee, about how the city of Baltimore is suffering under the grips of cyber attacks. Picture Credit: Reuters/ Mohamed Abd El Ghany

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