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Breaking: Fiat Chrysler, Renault in Partnership Talks

Breaking: Fiat Chrysler, Renault in Partnership Talks

Fiat Chrysler Automobiles and French automaker Renault are discussing a potential partnership. The news come by way of sources familiar with the talks who spoke with CNBC.

Right now details of the talks are unclear, but the source says that the two automakers are discussing a number of opportunities to form partnerships. What isn’t clear is if the talks are centered on Fiat Chrysler joining the already-established Renault-Nissan-Mitsubishi global alliance.

The alliance–formed in 1999–has been under pressure recently as Chairman Carlos Ghosn was arrested in Japan several months ago. Back in March rumors surfaced that Renault was in merger talks with Nissan, with an overall plan to acquire Fiat Chrysler after merging with Nissan.

If Fiat Chrysler were to join the current alliance, the new group would be the world’s largest automaker, with a combined sales output of nearly 16 million vehicles per year.

Fiat Chrysler CEO Mike Manley has stated in the past the company is open to partnership opportunities.

For now both Fiat Chrysler and Renault have declined to comment on the story.





 

About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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