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Cavaliere1

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Fiat Chrysler and Renault are considering an exchange of shareholdings or investment in each other as part of wide-ranging tie-up talks that could extend to a full merger… Renault has agreed to delay any plans to merge with Nissan in the short term if a deal is reached with FCA, a condition stipulated by the Italian-American car-maker for its cooperation… A deal would help the companies pool resources as they battle to survive in an industry beset by falling sales and technological disruption. The two are expected to announce today that they are in talks to collaborate in several areas, including connectivity, electric vehicle technology and manufacturing platforms… The companies are also likely to say that discussions include the possibility of an exchange of shareholdings, either through a share swap or an investment in each other’s business… A tie-up with FCA would allow Renault to broaden its options as its alliance with Nissan grapples with deteriorating US profits and an industry-wide shift to self-driving and electric cars… The Renault-Nissan-Mitsubishi Alliance, formed in 1999, has a complicated structure, with Renault owning a 43 per cent stake in Nissan with full voting rights, while the Japanese group owns 15 per cent. Mitsubishi joined the alliance in 2016 after Nissan took a 34 per cent stake in the business.

Peter Campbell, James Fontanella-Khan and David Keohane
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