The statement said the discussions were ongoing "aimed at creating one of the world's leading mobility groups", but didn't specify whether the goal was a full merger or a looser alliance.
A merger of the two groups would bring under one roof Alfa Romeo, Chrysler, Citroen, Dodge, DS, Jeep, Lancia, Maserati, Opel, Peugeot and Vauxhall. The French company made a similar statement. Global automakers face the prospect of a slowdown in global demand coinciding with the most dramatic technology changes in a century.
Manhunt ongoing in Texas shooting that left 2 dead, 12 hurt
Sheriff's Office officials said the gunman is a male , but had no other identifying information to give at this time. No arrests have been made and the shooter is still at-large according to the Hunt County Sheriff's Office.
However, if the two companies do combine, PSA chief executive Carlos Tavares is expected to lead the enlarged group. That deal would have seen FCA take over a 50-per-cent stake in that company, but instead, the deal fell apart when the French government, which has a 15-per-cent stake in Renault, got between the two automakers. It is controlled by the Fiat-founding Agnelli family, represented in FCA by chairman John Elkann who spearheaded the Renault talks. Fiat Chrysler past year sold 5.8 million cars globally but it makes the lion's share of its profits in the United States and has been struggling in Asia and Europe.
Following the collapse of the Renault merger plan, Fiat Chrysler CEO Mike Manley left the door open for talks with would-be partners.
Tavares is, among other things, credited with saving Opel from the dustbin.