Renault's board says it will continue to study Fiat Chrysler's merger proposal with interest, with plans to meet again on Wednesday
PARIS—The board of Renault SA said the French auto maker needs more time to weigh a merger proposal from Fiat Chrysler Automobiles NV, a deal that would create the world’s third-largest auto maker by production with a market value of about $40 billion.
Renault’s board said Tuesday it “has decided to continue to study with interest the opportunity of such a combination and to extend the discussions on this subject,” adding that it would meet again on Wednesday evening.
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