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Details on FCA/Renault talks set to emerge on Monday


FILE PHOTO: The logo of FIAT carmaker is seen on a steering wheel in Cairo, Egypt, May 19, 2019.


One of the sources said the announcement could provide some concrete although initial details but added the situation was still “fluid”.


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.


A separate source with direct knowledge of the situation confirmed that the Renault board will meet on Monday morning at 0800 local time (0600 GMT) to discuss the issue.


Pressure for consolidation among car makers has grown with the challenges posed by electrification, tightening emissions regulations and investment-heavy technologies for connected and autonomous vehicles.


Reporting by Laurence Frost and Inti Landauro in Paris, Pamela Barbaglia in London and Giulio Piovaccari in Milan; Editing by Keith Weir






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