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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
frogs says it is not to blame for the collapse of the proposed merger between auto giants Reynaud and fiat Chrysler , thirty five billion dollars deal broke down late Wednesday fiat Chrysler pulled out saying French politics made an agreement impossible the deal had gone ahead would have created the world's third biggest automaker but the French government owns a fifteen percent stake in Renault and had a long list often moans on Wednesday finance minister Bruno Jimenez said he wanted assurances on jobs factories and company governance twenty four hours later the men maintains he had north being unreasonable on Thursday he said Paris would really just wanted to hear from red nose alliance partner this and the Japanese company had been reluctant to take a position saying it was blind sided by news of the merger proposal the collapse of the deal sent Renault shares tumbling on Thursday down over six percent in the morning session the breakdown means the two companies will miss out on the benefits all they tie up fiat Chrysler would have gained access to red nose superior electric vehicle tech right now I would have got into sharing the Italian American companies lucrative jeep sport utility and ram pickup truck brands , now the question is what happens next shares in rival pleasure citron group jumped on Thursday morning some analysts but it could be fiat Chrysler is new targets others say the logic of a red %HESITATION deal is too strong to ignore that betting the two sides will find a way to try again