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FiatChryslerWithdrawsItsOfferforRenault

(Photo:ccaj.net)

FiatChryslerlateWednesdayabruptlywithdrewitsproposaltomergewithRenault,walkingawayfromadealthatcouldhavefundamentallyreshapedtheglobalautoindustry.

InastatementWednesdayevening,FiatChryslersaiditcontinuedtobelievethatthemergerproposal,worth33billioneuros(37billion),wassolid,balancedandbeneficialtoallparties.Butitadded,“Ithasbe