The Italian-American automaker is in talks with French automaker PSA Group, the proprietor of Peugeot and Citroen automobiles, over a possible mixture.
A deal would create a $50 billion firm, though the Journal reported that talks are fluid and there’s no assure that an settlement will likely be reached.
The French authorities owns 15% of Renault and is its largest shareholder; it additionally owns 12.2% of PSA. France has stated it will approve the deal provided that there have been protections for French jobs and factories.
— Chris Liakos contributed to this report