Renault to decide next week whether to proceed with FCA merger talks: sources

Board is likely to decide next week on whether to sign a non-binding agreement with FCA to proceed with its proposal to negotiate a full merger

May 28, 2019 at 09:42 am

The French government is already working on a package of state-guaranteed loans for carmaker Renault, which is 15% owned by the state. (Renault)

Renault board members will meet informally for work sessions within days with a view to a decision early next week on whether to go ahead with Fiat Chrysler merger talks, two sources with knowledge of the matter said.

The board is likely to decide next week on whether to sign a non-binding agreement with FCA to proceed with its proposal to negotiate a full merger, the people said on Monday.

FCA pitched a finely balanced merger of equals to Renault on Monday to create the world's third-biggest automaker.

MOTORING PODCAST | Cargumentative - How to build an Outlaw 911

For more episodes, click here.

Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm.