Home Business Fiat and Renault in talks | Business – The Times

Fiat and Renault in talks | Business – The Times

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Fiat Chrysler is in discussions with Renault over a tie-up that could transform the European car industry.

The talks are focused on co-operation and sharing resources, though an agreement could see Fiat Chrysler join the French giant’s alliance with Nissan and Mitsubishi, the Financial Times reported last night.

The talks will be seen as a response to ongoing issues such as slowing worldwide demand for combustion engine vehicles and an increase in electric cars.

If there is an agreement, it could further complicate Renault’s alliance with Nissan and Mitsubishi of Japan, which has been marked by tension since the arrest of Carlos Ghosn, Renault’s long-serving chief executive, on fraud charges in Tokyo last November.

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