Fiat proposes merger with Renault in latest auto industry jolt – Los Angeles Times

Together, Fiat and Renault made about 8.7 million cars last year, which would vault the pair past South Korea’s Hyundai Motor Group and Detroit’s General Motors Co. That’s still behind the world’s two biggest automakers, Volkswagen AG and Toyota Motor Corp., who both topped 10 million vehicles last year. But if combined with output of Renault’s existing alliance with Nissan and Mitsubishi, the total would be more than 15 million vehicles a year.

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