France ready to cut Renault stake to shore up Nissan partnership: finance minister

The proposed Fiat Chrysler deal collapsed suddenly on Thursday, with FCA laying the blame at the door of Paris.

Fiat Chrysler withdraws offer of merger with Renault

The government has warned against ‘any haste’ regarding the proposed 50/50 merger.

Nissan, a long-time Renault partner, fears being sidelined by the deal.

The improved offer, if formalised and accepted, would also see the combined company’s operations headquartered in France.

The Renault Triber is expected to go on sale in July 2019.

Investors cheered the prospect, with Renault's shares soaring 15 per cent in afternoon trading in Paris

If successful, tie-up would alter competitive landscape for rival carmakers from General Motors to Peugeot maker PSA Group.

The plan under discussion would involve some transfer of equity, according to a source close to the discussions.

The appointments are likely to be announced on Friday and presented for approval at a shareholder meeting in June.

The elegant 52-year-old with long blonde hair has become a passionate spokeswoman for her husband, loudly proclaiming his innocence.