FCA, Renault Merger could take a long time Unlisted Video

FILE PHOTO: CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Cook MILAN (Reuters) - It could take more than one year for Fiat Chrysler and Renault to finalize a proposed merger of the two companies, FCA group’s chief executive told employees on Monday in a letter seen by Reuters. Fiat Chrysler has made a “transformative” merger proposal to its French rival, the Italian-American carmaker said earlier on Monday, in a deal that would create a new third-ranked global manufacturer.