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Fiat Chrysler and France's Renault plan to get along with changes in the automotive industry




A row of Fiat Chrysler Automobiles (FCA) 2017 Crysler Pacifica mini vans for sale at car dealership in Moline, Illinois, Saturday, July 1, 2017.

Daniel Acker | Bloomberg | Getty Images

Fiat Chrysler and France's Renault are in advanced talks to create extensive ties in the face of widespread changes in the global automotive industry, according to a report by The Financial Times.

The collaboration could bring Italian-American carmaker into the Renault-Nissan-Mitsubishi Alliance, according to The Financial Times, although the other members ̵[ads1]1; such as Japan's Nissan – had to be won.

The discussions could still fall apart, says sources of The Financial Times. When the source told the newspaper that Nissan has not had any involvement in the talks so far.

Fiat Chrysler rejected CNBC's request for comment. Renault could not be immediately reached for comment.

In March, the Financial Times reported that Renault planned to enter into merger negotiations with Nissan during the year, and then potentially acquire Fiat Chrysler.

Fiat Chrysler's CEO Mike Manley told former FT: "If it's a partnership, merger, relationship that makes us stronger, then I'm completely open to looking at it."

If Fiat Chrysler was added to Renault Dating back to 1999, the Nissan-Mitsubishi Alliance will be the largest global automaker, with 15.6 million combined sales a year. The current manager, Volkswagen, sold 10.8 million last year.

Read the full story in The Financial Times



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