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Fiat Chrysler and Renault are reportedly in talks for a major deal that could shake up the global auto industry (FCAU)

Fiat Chrysler and Renault are reportedly in talks for a major deal that could shake up the global auto industry (FCAU)
Rebecca Cook/Reuters



Fiat 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.




Visit Business Insider's homepage for more stories.



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.
A tie-up would help the carmakers better tackle the challenges facing automakers including softer demand for new cars. There's no guarantee an agreement will be reached, but if successful, it will come together quickly, the WSJ reported.
Fiat Chrysler may eventually join the Renault-Nissan-Mitsubishi Alliance that was first created in 1999 as the auto industry went through a period of major consolidation, according to the FT.
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