Toyota Tm and Motors Gm

fiat: If completed, the merger would create the world's third largest carmaker behind Volkswagen VLKAF and Toyota TM . General Motors GM would fall to fourth in the global rankings, according to CNN. Renault RNLSY stock surged more than 15% in Paris on Monday, while Fiat Chrysler shares jumped around 11% in Milan. The French automaker said Monday that it would study with interest a proposal from Fiat Chrysler that would give its shareholders 50% ownership of a combined business with annual vehicle sales of 8.7 million. The companies had been discussing ways to cooperate on products and new technologies, but Fiat Chrysler said in a statement outlining its proposal that more could be gained from a merger. Fiat Chrysler owns brands including Jeep, Dodge, Alfa Romeo and Maserati. Read More These discussions made clear that broader collaboration through a combination would substantially improve capital efficiency and the speed of product development, the Italian-American company said. (news.financializer.com). As reported in the news.