AutoBeta(AutoBeta.net)05/26 Report--

Recently, according to overseas media reports, Renault and Fiat Chrysler (FCA) are currently trying to establish an alliance. If the plan goes smoothly, the Renault-Nissan-Mitsubishi Alliance will merge with FCA to become the world's largest automaker.

Fiat Chrysler is in extensive and in-depth discussions with Renault, citing a number of related negotiations, the Financial Times reported on Saturday. Fiat Chrysler is seeking to work together to meet the challenge of structural changes in the global auto industry.

Sources said the agreement would allow FCA to join the existing Renault-Nissan-Mitsubishi alliance in the future, and warned that the outcome could have a series of complex outcomes, including the acquisition of Nissan. The Financial Times said that FCA and the PSA Group have set up a joint venture on a shared platform to develop electric vehicle technology to reduce investment in the research and development of electric vehicles, while on the other side FCA wants to develop a further cooperation with Renault.

Sources said that FCA and Renault are in discussions and do not rule out the failure of the two sides to reach a consensus. The discussion between the two sides focused on the post-alliance structure and management issues, including the structure of senior people, the stationing of corporate directors, and other issues. But it is not clear whether Nissan is involved in the FCA-Renault marriage talks.

The discussion between PSA and FCA was reported as early as March this year, but a statement from PSA Group said that it was open-minded to seek cooperation to establish a partnership, but according to PSA2018's financial performance, PSA was in no hurry to establish any partnership.

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