Renault’s board to meet Monday to discuss tie-up with Fiat Chrysler – Le Figaro


PARIS, May 26 (Reuters) – The board of French car maker Renault will meet on Monday morning at 0800 local time (0600 GMT) to discuss a possible tie-up with rival Fiat Chrysler , French newspaper Le Figaro reported on Sunday.

Sources had told Reuters on Saturday the two car makers were in talks on a comprehensive global tie-up that would help them tackle challenges facing the global car industry.

A spokesman at Renault declined to comment on whether a board meeting will be held on Monday.

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.

Fiat Chrysler and Renault have a combined market capitalization approaching 33 billion euros ($37 billion). ($1 = 0.8927 euros) (Reporting by Inti Landauro Editing by Keith Weir)



The put upRenault’s board to meet Monday to discuss tie-up with Fiat Chrysler – Le Figaroappeared first on Reuters

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