FCA discusses improved Renault merger bid to win French backing By –

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© -. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) signal at its U.S. headquarters in Auburn Hills, Michigan

By Laurence Frost

PARIS (-) – Fiat Chrysler is discussing a Renault (PA:) particular dividend and stronger job ensures in a bid to influence the French authorities to again its proposed merger between the carmakers, sources near the discussions stated.

The improved supply, if formalized and accepted, would additionally see the mixed firm’s operations headquartered in France and the French state granted a seat on its board, two folks with data of the matter advised – on Sunday.

FCA spokeswoman Shawn Morgan declined to remark. The French authorities, Renault’s largest shareholder with a 15 p.c stake, additionally declined to remark. A Renault spokesman didn’t instantly return calls and messages searching for remark.

Italian-American FCA is engaged in intensive discussions with Renault and the French authorities over the $35 billion merger proposal it pitched final Monday to create the world’s third-biggest carmaker.

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