Fiat Chrysler and Renault poised to announce tie-up
Nissan is not involved, although the transaction may allow the carmakers to join forces later
Paris — Fiat Chrysler is poised to announce a tie-up with Renault as soon as Monday, opening a path for the Italian-American carmaker to eventually become part of the Renault-Nissan alliance, according to people familiar with the matter. The deal may include an exchange of equity, the people said, asking not to be identified because the discussions are not public. Nissan is not involved, although the transaction would allow the carmakers to join forces later, the people said. The talks with Fiat have moved ahead despite tensions between Renault and Nissan, illustrating the intense pressure facing carmakers to combine efforts and investments. With sales falling in the world’s biggest car markets, manufacturers are being pushed by regulators to electrify and reduce fleet emissions. At the same time, they have been forced to spend heavily on self-driving technology or get left behind by deep-pocketed competitors such as Alphabet’s Waymo. Talks between Fiat and Renault have accelerat...
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