both companies have struggled with tightening emissions regulations and expensive new technologies for connected and thomas vehicles if the deal goes through both chrysler and run home but only 50 percent of the new company. will form the story let s go over to our markets man in frankfurt. only looking at the chrysler share price investors seem to really like that idea. they love it it s surging early european trading around 12 percent and so is the renault share also about 12 percent that s a huge jump especially when you look at the general market condition sure there s an element of surprise and you mentioned that both chrysler and renault of tackling huge issues and the share price really having been a battle said see your 2018 dramatic loss is there so investors very pleased that
the all the world is eyeing its next big tie up chrysler presents a merger proposal to french rival renault a combination of their businesses would make the 2 companies the world s 3rd largest automaker also coming up a new political reality europe s mainstream parties take a hit and you elections will get analysis from you on what the results mean for businesses and to cull the cost of my scars reels from your favorite movies go on display in the subject. on chris colfer and roland welcome to the program. if you have chrysler is proposing a merger with french carmaker rental the italian u.s. company presented detailed plans for a merger or an earlier today and renault supervisory board is currently discussing them a merger of the 2 firms would create a world leader and help address some of the weaknesses at both rhino and feel that
from chrysler and they are rejecting the request. they are saying the cars are safest on the road. neil: you are saying be careful because if you are standing by these vehicles and one of them blows up, not fine? they have. we haven t talked about what chrysler has admitted. they have do voluntary recalls. they admitted they have defective products on the marketplace. neil: but not 2.7 million vehicles? listen, this is profits over people. we know at least 50-60 people have had problems. number one there a watch company that started this investigation in september of 2010. they said children are dying. they are seatbelted and rear-end collisions and they are blowing up. neil: chrysler argues, we tried to get a person from chrysler to talk about this. their position is clear. these vehicles exceeded all
been at this. at issue leaking gas tanks and n collisions. chrysler says no. and there is not going to be a recall. first time in my memory this has ever happened. is it seting up chrysler for major lawsuits? why not so fast? in fact i was surprised to learn today in 1998, the national highway traffic safety administration issued a recall too chrysler and they refused to accept the recall. you know what happened, nothing, nothing happened. either chrysler is saying . neil: there were no problems? they refused to accept the recommendations from them and cars continued to be sold and they were safe. so now 15 years later, they are asking another recall
applicable requirements. i think they are saying they don t see a problem. that is right. they have complied with all federal law. what about them blowing up? some cars blowing up. that is chrysler s point. neil: i don t want to be in the car if it does. we know that, any car maker can t avoid any possible kind of accident. neil: why can t you put people s fears? that is what they have done. they have done their own engineering analysis and their results show their jeeps are not any more dangerous than any other cars on the road. neil: it could be mechanic, no problem. you are right. that is when nitsa can step in and they can order. they think they have to. anyone driving around in