Substantial announcement on FCA/Renault talks expected on Monday: sources
Written by MagaFirstNews on May 26, 2019
FILE PHOTO: The logo of FIAT carmaker is seen on a steering wheel in Cairo, Egypt, May 19, 2019. Picture taken May 19, 2019. REUTERS/Mohamed Abd El Ghany/File Photo
May 26, 2019
MILAN (Reuters) – Fiat Chrysler is likely to make an announcement on Monday about its talks on a potential tie-up with French rival Renault, two sources told Reuters.
One of the sources said the announcement could provide some concrete although initial details but added the situation was still “fluid”.
Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge of the discussions told Reuters on Saturday.
(Reporting by Pamela Barbaglia and Giulio Piovaccari; Editing by Keith Weir)