Fiat Chrysler and Renault are reportedly in talks for a major deal that could shake up the global auto industry (FCAU)Rebecca Cook/ReutersFiat Chrysler and Renault are in advanced talks for a deal that would combine major segments of their businesses, according to a report Saturday by the Financial Times. A deal would help the carmakers tackle the slowdown in consumer demand for new cars. Fiat Chrysler may also join the Renault-Nissan-Mitsubishi Alliance, which is pondering its future after Nissan's chairman was arrested and ousted last year. Fiat Chrysler is in advanced talks with Renault about a deal that would combine major parts of their businesses, the Financial Times and The Wall Street Journal reported on Saturday. Fiat Chrysler's inclusion would make the alliance the world's largest carmaker with 15.6 million in combined sales last year, according to the FT.

Source: Wall Street Journal May 25, 2019 19:18 UTC