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Business deals

Exclusive: Fiat Chrysler to propose merger with Renault

Combined automaker would surpass GM in global sales

A worker builds an Alfa Romeo car on the production line at the FCA plant in Cassino, southern Italy.   © Reuters

FRANKFURT, Germany/PARIS -- Fiat Chrysler Automobiles is set to propose a merger with Renault on Monday, several sources familiar with the matter told Nikkei, a deal that would be watched closely for its impact on one of the world's largest automaking alliances.

Renault is expected to hold a board meeting on Monday, according to the sources.

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