- Fiat Chrysler (NYSE:FCAU) is in advanced discussions to forge extensive ties with Renault (OTCPK:RNLSY) as the carmakers seek to join forces to tackle the structural challenges facing the global auto industry, FT reports.
- The agreement may ultimately lead the carmaker to join the Renault-Nissan-Mitsubishi Alliance in the future, according to sources, which warned that the outcome would mean taking a complicated path that would involve winning over Nissan (OTCPK:NSANY).
- The alliance's unequal relationship - smaller Renault has the bigger stake in Nissan - has long been a source of friction.
- Update: Fiat Chrysler and Renault are set to confirm the tie-up talks on Monday, according to multiple reports.