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.
Source: News Formal (newsformal.com)
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