Major player: A man walks past the logo of FCA at the Fiat Mirafiori plant in Turin, northern Italy. FCA has a highly profitable North American RAM trucks business and Jeep brand but has been losing money in Europe. — AFP
MILAN: Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge of the discussions told Reuters.
The talks are at an advanced stage, the sources said. The Financial Times earlier reported that Fiat Chrysler Automobiles NV (FCA) and Renault were discussing a deal to forge “extensive ties” to tackle structural challenges facing the global auto industry.
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