Fiat Chrysler in tie-up talks with Renault | The Daily Star
12:00 AM, May 27, 2019 / LAST MODIFIED: 12:00 AM, May 27, 2019

Fiat Chrysler in tie-up talks with Renault

Fiat Chrysler and Renault are in talks on a comprehensive global tie-up  that could address some of the main weaknesses of both carmakers, two  sources with knowledge of the discussions told Reuters on Saturday.

The talks are at an advanced stage, the sources said. The Financial  Times earlier reported that FCA and Renault were discussing a deal to  forge “extensive ties” to tackle structural challenges facing the global  auto industry.

A spokesman for FCA declined to comment on the  report. Renault spokesman Frederic Texier said the French carmaker had  no comment. Pressure for consolidation among carmakers has grown  with the challenges posed by electrification, tightening emissions  regulations and investment-thirsty technologies for connected and  autonomous vehicles.

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