Fiat Chrysler Automobiles withdrew the proposal late Wednesday, citing "political conditions in France" after the French government, Renault's biggest shareholder, asked for five more days to review the deal and obtain support from Nissan.
Some discussions about compensating Renault-Nissan Chairman Carlos Ghosn out of the public eye were not confined to the Japanese carmaker, but also included Renault executives. Ghosn was arrested on November 19 in Japan on suspicion of fraud.