The Wall Street Journal said the talks were "wide-ranging" and could include Renault and Fiat Chrysler "joining large portions of their businesses"PARIS - French carmaker Renault is in talks with Fiat Chrysler Automobiles with the long-term prize a world-leading alliance including Japan's Nissan and Mitsubishi, reports say. The Financial Times posted Saturday night that the discussions were at an "advanced" stage and could lead to "extensive cooperation". The Wall Street Journal said the talks were "wide-ranging" and could include Renault and Fiat Chrysler "joining large portions of their businesses". Renault holds 43 percent of Nissan which in turn owns 15 percent of its French partner Renault. The imbalance causes frictions in a relationship that has been tested by the arrest of former Renault and Nissan chief Carlos Ghosn in Tokyo.

Source: Bangkok Post May 26, 2019 07:52 UTC