A row of Fiat Chrysler Automobiles (FCA) 2017 Crysler Pacifica minivan vehicles are displayed for sale at a car dealership in Moline, Illinois, on Saturday, July 1, 2017.
Daniel Acker | Bloomberg | Getty Images
Fiat Chrysler and France's Renault are in advanced talks to forge extensive ties in the face of sweeping changes to the global auto industry, according to a report in The Financial Times.
The collaboration could bring the Italian-American carmaker into the Renault-Nissan-Mitsubishi Alliance, according to The Financial Times, although the other members — like Japan's Nissan — would have to be won over.
The discussions could still fall apart, sources told The Financial Times. Once source told the newspaper that Nissan has had no involvement in the talks so far.
Fiat Chrysler declined CNBC's request for comment. Renault could not be immediately reached for comment.
The Financial Times reported in March that Renault planned to take up merger talks with Nissan within the year, and then potentially acquire Fiat Chrysler.
Fiat Chrysler's chief executive, Mike Manley, previously told the FT: "If there's a partnership, merger, relationship that makes us stronger, then I'm absolutely open to looking at it."
If Fiat Chrysler were added to the Renault-Nissan-Mitsubishi Alliance, which dates back to 1999, it would become the largest global carmaker, with 15.6 million combined sales a year. The current leader, Volkswagen, sold 10.8 million last year.
Read the full story in The Financial Times
https://www.cnbc.com/2019/05/25/fiat-chrysler-and-frances-renault-plan-to-team-up-amid-changes-to-the-auto-industry.html
2019-05-25 19:16:52Z
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