PARIS (AP) — France’s government is sounding a note of caution about a possible alliance between French automaker Renault and Fiat Chrysler Automobiles.
Both companies are in talks about a tie-up, as major carmakers around the world try to share the significant costs of developing autonomous and electric vehicles. Renault’s board is meeting Monday morning.
The French state owns 15% of Renault, and a French official said Sunday that the state will only agree to a potential alliance with Fiat Chrysler if it makes sense for jobs and France’s national interests.
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The official told The Associated Press that Japanese authorities have also been informed, and that France would prefer a tie-up within the existing Renault-Nissan-Mitsubishi alliance. The official wasn’t authorized to be named discussing talks that haven’t been made public.
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