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On Monday (May 27), Fiat Chrysler Automobiles N.V. (NYSE: FCAU) announced plans to pursue a merger with French automaker Renault SA (EPA: RNO). This is a bold effort to adapt to technological and regulatory developments in the global auto industry, and it could be very profitable for you.
In fact, FCAU is projected to increase earnings by 167% in 2019. And there's a good reason for this.
The Chrysler-Renault merger, tying up two of the world's largest auto manufacturers to the tune of $35 billion, has ignited Wall Street over its profit potential. FCAU stock went up 7.2% the day following the merger (May 28), and RNO shot up 12.1%.