FCA set to unveil Renault tie-up as early as Monday, reports say
May 26, 2019
TOMMASO EBHARDT and DANIELE LEPIDO
MILAN -- Fiat Chrysler Automobiles is poised to announce a tie-up with Renault SA as soon as Monday, opening a path for the Italian-American automaker to eventually become part of the Renault-Nissan Motor Co. 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 aren’t public. Nissan isn’t involved, though the transaction would allow the carmakers to join forces later, the people said.
French newspaper Le Figaro reported that Renault will meet on Monday morning at 0800 local time (2 a.m. EDT) to discuss a possible tie-up with FCA.
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