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Fiat Chrysler's $40 billion proposed merger with Renault is no done deal [CNBC]

Comcast Corp (CMCSA)  More Company Research Source: CNBC
Last comcast corp earnings: 4/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
PDF Fiat Chrysler's proposed $40 billion merger with Renault, which would create the world's third-largest automaker, is far from a done deal. The merger, announced Monday, is fraught with "significant execution risks" that could scuttle it altogether, according to Moody's Investors Service. If the deal gets done at all, it will take a minimum of a year and up to 18 months to complete, according to an executive at Fiat Chrysler briefed on the negotiations. The companies both have complex business models — particularly French automaker Renault's alliance with Japan's Nissan Motor and Mitsubishi — and powerful executive teams, which complicates choosing leaders for the combined company, said Joe Phillippi, president of AutoTrends Consulting. The deal comes at a critical time for the automakers. Global sales are slowing after nine years of growth, and the industry is trying to come up with extraordinary amounts of cash to invest in autonomous driving and electric vehicles. Jim Press, the for [Read more]

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