Renault-AMC
auto company sales renault amc

AMC had always led a precarious financial existence, and Renault, its French owner, wasn't much help in changing that. When gas became cheap in the mid-1980s, the market moved away from AMC's small cars. After Renault chairman George Besse, who had championed AMC, was assassinated in 1986, Renault sold it to Chrysler for $1.5 billion.

Bottom Line

The deal produced a windfall for Chrysler, which leveraged AMC's Jeep business into a huge moneymaker. Renault made a longer-lasting acquisition in 1999 when it acquired 36.8% of then-struggling Nissan. The Renault-Nissan alliance has mostly thrived since then under CEO Carlos Ghosn.


  @FortuneMagazine - Last updated September 11 2012 12:05 PM ET
Join the Conversation
Was GM really saved?

Democrats and Republicans are debating that question today, but we may not know the answer for 10 or 15 years.

The 2013 new model smackdown
The most disliked car of the year (so far)
Find Your Next Car

Get the latest car news:

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.