- 25th May 2019
- Posted by: Hakeem
- Categories: Business plans, Innovation, Technology
• Fiat Chrysler and France’s Renault could soon partner up to take on the sweeping changes to the global auto industry.
• The collaboration could bring the Italian-American carmaker into the Renault-Nissan-Mitsubishi Alliance.
• If Fiat Chrysler were added to the Renault-Nissan-Mitsubishi Alliance, which dates back to 1999, it would become the largest global carmaker, with 15.6 million combined sales a year.
Daniel Acker | Bloomberg | Getty Images
A row of Fiat Chrysler Automobiles (FCA) 2017 Crysler Pacifica minivan vehicles are displayed for sale at a car dealership in Moline, Illinois, on Saturday, July 1, 2017.
Fiat Chrysler and France’s Renault are in discussions to form a partnership, a source familiar with the talks told CNBC.
The Italian-American automaker and Renault are looking at a number of opportunities that would have the companies working together in the future, the source said.
It is unclear if a partnership between the two automakers would lead to Fiat Chrysler eventually joining the Nissan-Renault-Mitsubishi alliance.
Fiat Chrysler declined CNBC’s request for comment. Renault could not be immediately reached for comment.
The Financial Times first reported the story.
Back in March, The Financial Times reported that Renault planned to take up merger talks with Nissan within the year, and then potentially acquire Fiat Chrysler.
Fiat Chrysler’s chief executive, Mike Manley, previously told the FT: “If there’s a partnership, merger, relationship that makes us stronger, then I’m absolutely open to looking at it.”
If Fiat Chrysler is added to the Renault-Nissan-Mitsubishi Alliance, which dates back to 1999, it would become the largest global carmaker, with 15.6 million combined sales a year. The current leader, Volkswagen, sold 10.8 million last year.