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Renault

Daniel Howes / Detroit News

Fiat Chrysler’s deal of the decade is dead.

Good ol’ French politics killed it this week – exactly what you get when the federal government in Paris controls 15 percent of the hometown Renault.

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Ricardo Giaviti / Flickr / http://j.mp/1SPGCl0

Fiat Chrysler says political conditions in France caused it to withdraw its offer to merge with French automaker Renault.

The company says its board made the decision at a meeting Wednesday evening. An FCA statement says it has become clear that the political conditions don't currently exist for the deal to proceed successfully.

Randy Stern / Creative Commons/Flickr

French automaker Renault's board will meet Tuesday to consider a merger offer from Fiat Chrysler.

It would create the largest automaker in the world based on sales, but that's only if Renault's current partner, Nissan, stays in.