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Renault Poised to Give Nod to Fiat Merger as Soon as Next Week

  • Chairman Senard in Tokyo to explain deal rationale to partners
  • Nissan, Mitsubishi seen reaping 1 billion euros in savings
A worker attaches a Renault diamond badge to the front grille of an automobile on the production line inside the Renault SA automobile plant in Moscow, Russia.
Photographer: Andrey Rudakov/Bloomberg

Renault SA is expected to give preliminary approval to Fiat Chrysler Automobiles NV’s merger proposal as soon as next week after briefing the French carmaker’s two Japanese partners, according to people familiar with the matter.

Renault aims to convene a board meeting to move forward with the plan to create the world’s third-biggest automaker, based on a timetable agreed upon during negotiations with Fiat last week, said the people, who asked not to be identified because the details are confidential.