Wall Street Breakfast: Renault Decides On Fiat Merger Talks

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Board members of Renault (OTCPK:RNLSY) are said to be meeting over the next few days with a goal of making a decision early next week on whether to go ahead with Fiat Chrysler (NYSE:FCAU) merger talks. FCA pitched a finely balanced merger of equals on Monday to create the world’s third-biggest automaker that would "sell approximately 8.7M vehicles annually." There would be no plant closures as a result of the tie-up, while the deal would provide an opportunity to lead in the development of electric and autonomous vehicles. An open question is whether Fiat would ultimately join the Nissan-Renault-Mitsubishi Alliance.

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