Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.



Renault's board to meet Monday to discuss tie-up with Fiat Chrysler - Le Figaro

Renault's board to meet Monday to discuss tie-up with Fiat Chrysler - Le Figaro
The logo of French car manufacturer Renault is seen at a dealership of the company in Illkirch-Graffenstaden near Strasbourg, France, January 10, 2019. REUTERS/Vincent Kessler -
Text size Aa Aa

PARIS (Reuters) - The board of French car maker Renault will meet on Monday morning at 0800 local time (0600 GMT) to discuss a possible tie-up with rival Fiat Chrysler, French newspaper Le Figaro reported on Sunday.

Sources had told Reuters on Saturday the two car makers were in talks on a comprehensive global tie-up that would help them tackle challenges facing the global car industry.

A spokesman at Renault declined to comment on whether a board meeting will be held on Monday.

Pressure for consolidation among car makers has grown with the challenges posed by electrification, tightening emissions regulations and investment-heavy technologies for connected and autonomous vehicles.

Fiat Chrysler and Renault have a combined market capitalization approaching 33 billion euros ($37 billion).

(Reporting by Inti Landauro; Editing by Keith Weir)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.