New Delhi (CNN Business) Renault is considering a merger with Fiat Chrysler, a deal that would reshape the global auto industry and help the carmakers compete in the race for electric and self-driving vehicles. stock surged more than 15% in Paris on Monday, while Fiat Chrysler shares jumped around 11% in Milan. Fiat Chrysler owns brands including Jeep, Dodge, Alfa Romeo and Maserati. Renault and Fiat Chrysler both said Monday that a merger would benefit the alliance. Regulators are likely to scrutinize any deal between Fiat Chrysler and Renault.

Source: CNN May 27, 2019 07:06 UTC