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Business deals

Renault board to reconvene on Fiat merger talks on Wednesday

French carmaker says $12m possibly misappropriated by Nissan venture tied to Ghosn

Renault's board of directors put off until Wednesday a decision on whether to enter merger talks with Italian-American peer Fiat Chrysler Automobiles.   © Reuters

TOKYO/PARIS -- Renault's board of directors will reconvene late on Wednesday to discuss a decision on whether to enter merger talks with Italian-American peer Fiat Chrysler Automobiles, as it reviews such details as who would occupy the top posts of the integrated company.

Renault said on Tuesday that the company will "continue to study with interest the opportunity of such a combination and to extend the discussions on this subject." The deal has the potential to radically redefine the French automaker's relationship with Japanese partner Nissan Motor.

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