UPDATE 2-European shares rise, Athens stocks jump on snap election [Reuters]
FIAT CHRYSLER AUTO NV (FCAU)
Last fiat chrysler auto nv earnings: 2/6 06:58 am
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Source: Reuters
Fiat Chrysler-Renault merger talks lift European shares, EU vote in focus - Reuters 3 Min Read (Reuters) - Confirmation of merger talks between Fiat Chrysler and Renault to create the world’s third-largest car maker thrust European shares higher on Monday, while investors assessed the results of the EU Parliament elections. The pan-European STOXX 600 was up 0.4% by 0815 GMT with all major indices in the green but trading volumes were thin with UK, US markets closed for market holidays. Auto stocks climbed 1.6%, outperforming all other sectors, as Italian-American carmaker Fiat Chrysler confirmed it had made a “transformative merger” proposal to French peer Renault in a deal which would create the world’s third-biggest carmaker and help address some of the weaknesses in both companies. Shares of both companies were at top of the STOXX 600, up more than 10% each. The merger talks come at a time when car makers are under pressure to consolidate to counter falling sales across leading mar
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