2201 GMT - The potential negative social implications of the Fiat Chrysler/Renault merger have played a critical role in the failed deal. Social factors will remain a key factor in automotive industry M&A, especially when countries hold a significant stake in automakers. The latter is likely to remain unchanged in the short term despite the sector's needs for consolidation. Uncertainty around job protection as Fiat looks for cost savings, on top of the unstable political atmosphere in France linked to the recent yellow-vest protests led the French government to ask for a delay, which motivated Fiat's offer withdrawal. (goncalo.lousada@dowjones.com)

 

(END) Dow Jones Newswires

June 06, 2019 18:16 ET (22:16 GMT)

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