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Fiat Chrysler Proposes Plan to Merge With France's Renault

May.27 -- Fiat Chrysler Automobiles NV proposed to merge with Renault SA in a deal that would create the world’s third-biggest carmaker. The transaction will be structured as a 50-50 ownership through a Dutch holding company, Fiat said in a statement Monday, adding that there will be no plant closures. Bloomberg's Tommaso Ebhardt reports on "Bloomberg Daybreak: Europe."

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