Fiat Chrysler-Renault tie up: What the maker of Jeep could gain | TechCrunch


Fiat Chrysler Automobiles and Renault are in talks that could result in merging vast swaths of their businesses, a move that illustrates the growing desire among automakers to consolidate in an environment of increased regulatory pressure, sales declines and rising costs aimed at bringing next-generation technologies like self-driving cars to market.

Update: Fiat Chrysler has sent a non-binding letter to Renault proposing a 50-50 merger. Under the proposal, the combined businesses would be split equally between FCA and Renault shareholders. The board would be a combined entity of 11 members, FCA said. The majority would be independent. FCA and Renault would get equal represent with four members each as well as one nominee from Nissan.

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