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Fiat Chrysler and Renault are in advanced talks to merge the automakers

Phil LeBeau

Sources say the talks, which have been happening over the last several weeks, have picked up speed in recent days and could lead to an announcement regarding a merger or partnership as soon as tomorrow. The CEOs of both automakers have made it clear they are open to partnerships with other automakers that would give them the economies of scale to further cut costs both in terms of manufacturing as well as in developing vehicles. A partnership between Fiat Chrysler and Renault would also help the automakers pool resources for the development of electric and autonomous vehicles.