Fiat Chrysler is likely to make an announcement about its talks on a potential t...
FILE PHOTO: The logo of FIAT carmaker is seen on a steering wheel in Cairo, Egypt, May 19, 2019. Picture taken May 19, 2019. REUTERS/Mohamed Abd El Ghany/File Photo
One of the sources said the announcement could provide some concrete although initial details but added the situation was still “fluid”. A separate source with direct knowledge of the situation confirmed that the Renault board will meet on Monday morning at 0800 local time to discuss the issue.Pressure for consolidation among car makers has grown with the challenges posed by electrification, tightening emissions regulations and investment-heavy technologies for connected and autonomous vehicles.
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