BREAKING NEWS
This content is not available in your region

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   -   Copyright  VINCENT KESSLER(Reuters)
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 euronews.com for a limited time.