FCA, Renault hoping merger talks will restart, report says
June 24, 2019
Bloomberg via autonews.com
Executives at Fiat Chrysler and Renault-Nissan remain open to the idea that a merger deal could still happen, but they warn that conditions imposed by each side could hurt efforts to restart talks, The Wall Street Journal reported, citing people familiar with the situation.
Renault executives are optimistic that the outcome of Nissan’s shareholder meeting this week will spur new merger talks with FCA as support for a deal still exists inside the French automaker's headquarters near Paris, the newspaper said, citing people close to Renault.
In addition, Nissan has not closed itself off to the possibility of an eventual deal, but would also like to reshape the alliance to allow for added flexibility and independence for each partner, the WSJ reported.
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