Why Did Fiat Withdraw Bid for Renault?

The transcript discusses the potential merger between Fiat and Renault, focusing on the French Government's role in protecting jobs and the economic logic behind such mergers. It highlights the challenges of international collaborations, especially with cultural differences, and the necessity for financial resources to advance in electrification and automated driving. The automotive industry is undergoing consolidation, with companies like Mercedes and BMW exploring partnerships to stay competitive.

Discuss the importance of financial power in the context of the automotive industry's future.

What factors could lead to the failure of the merger according to the text?