Fiat-Chrysler seeks 50/50 merger with Renault

Renault confirms it has received FCA's proposal, and a decision will be announced "in due course."

Steven Ewing Former managing editor
Steven Ewing spent his childhood reading car magazines, making his career as an automotive journalist an absolute dream job. After getting his foot in the door at Automobile while he was still a teenager, Ewing found homes on the mastheads at Winding Road magazine, Autoblog and Motor1.com before joining the CNET team in 2018. He has also served on the World Car Awards jury. Ewing grew up ingrained in the car culture of Detroit -- the Motor City -- before eventually moving to Los Angeles. In his free time, Ewing loves to cook, binge trash TV and play the drums.
Steven Ewing
Groupe Renault

Renault will make a decision about the merger "in due course."

Chesnot/Getty Images

Automobiles has officially proposed a merger with France's Groupe Renault . According to a brief statement issued by Renault on Monday, FCA is seeking "a potential 50/50 merger transaction" between the two companies.

A followup statement, also released by Renault on Monday, confirms the receipt of FCA's "friendly proposal," and says the company's board of directors "decided to study with interest the opportunity of such a business combination, comforting Groupe Renault's manufacturing footprint and creating additional value for the Alliance."

Speaking of which, a report from Bloomberg suggests the Renault/FCA deal looks to be moving forward without the input of Nissan or , the other carmakers tied up in the Renault Alliance. Bloomberg says Renault has agreed to not pursue a deal with Nissan, but that the Japanese automaker could join the fold later.

No official decision has been made just yet, Renault's statement only saying "further communication will be issued in due course." We'll definitely be watching this one closely.

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