0
* Fiat Chrysler and Renault place to confirm talks above tie-up
* Renault board to satisfy early above Monday
* Partnership used to assist to plug regional weaknesses (Adds Wall road magazine clarify above merging)
By Giulio Piovaccari and Laurence Frost
MILAN/PARIS, can 26 (Reuters) - Fiat Chrysler and Renault are place to confirm tie-up talks above Monday, with the board of the French carmaker called to an early morning parliament to conflict the situation.
It comes after news broke above the weekend that two of the world's leading car companies are can talks above a comprehensive global mixture that could laguage some of the major weaknesses of both.
The project beneath discussion used to involve some shift of equity, according to a source shut to the discussions. The Wall road magazine reported Sunday that the two companies are considering a merger of equals, among other tie-up options.
Renault Chairman Jean-Dominique Senard presented an FCA-Renault merger project to French Finance Minister Bruno Le Maire above Friday, Les Echos reported above its website. The French government has a 15% stake can Renault.
The career being discussed used to involve guarantees covering corporate governance and career can France and Italy, the French daily said.
Pressure although consolidation among carmakers has grown with the challenges posed by electrification, tightening emissions regulations and dear new technologies being developed although connected and autonomous vehicles.
Earlier this year FCA Chairman John Elkann - a member of Italy's Agnelli dynasty that controls the corporation - stressed the family's commitment to the automotive industry. nevertheless during he too added that they were prepared to acknowledge "bold and creative decisions" to assist build a hard and attractive future although the company.
A source said earlier an announcement from Italo-American FCA could equip some concrete although initial details nevertheless during added the condition was however "fluid".
A divide source with control knowledge of the condition confirmed that the Renault board will satisfy above Monday morning can 0800 local time (0600 GMT) to conflict the issue.
REGIONAL RATIONALE
FCA has a highly advantageous North American RAM trucks riddle and truck brand nevertheless during has been losing coin can Europe, where it can too warfare to own speed with looming carbon dioxide emissions curbs.
Renault, by contrast, is an electric-car pioneer with relatively fuel-efficient mechanism technologies and a noise presence can emerging markets, nevertheless during no U.S. business.
Any tie-up used to responsible see political and workforce hurdles, especially can Italy. However, most of FCA's European plants are running beneath 50% capacity.
A career among FCA and Renault used to no preclude a consolidation of Renault's federation with Japanese carmaker Nissan mechanism Co Ltd, a source told Reuters above Saturday.
The Renault-Nissan partnership, underpinned by cross shareholdings, has been strained by the scandal surrounding prior Chairman Carlos Ghosn, who was ousted after his capture final year.
Speculation almost the future of Fiat Chrysler, often seen although a latent M&A target, intensified after the sudden death of long-serving prior CEO Sergio Marchionne around one year ago.
In October final year, fair after three months he was picked to substitute Marchionne, new CEO Mike Manley agreed to sell FCA's car parts unit Magneti Marelli to Japan's Calsonic Kasnsei, owned by U.S. personal equity corporation KKR & Co Inc.
The sale was completed early this month although 5.8 billion euros.
According to reports earlier this year, the manufacturer had too restarted talks with France's PSA crowd - which eat been a recurrent thesis above the years.
Fiat Chrysler and Renault together used to eat a combined fair capitalisation of more than 32 billion euros ($36 billion) and total global sales of 8.7 million vehicles.
Fiat Chrysler has a valuation of fair beneath 18 billion euros and Renault almost 14.4 billion
An federation that included Nissan used to tomb the ensemble to the grade of global No.1 carmaker with 13.8 million annual sales. It used to too assert a foothold can China, where both FCA and Renault are minor players. ($1 = 0.8927 euros)
