Renault to decide on Fiat Chrysler merger by next week - report

Renault could respond to the "transformative merger" offer from Fiat Chrysler (FCA) as early as next week. Sources have told Reuters the Renault board will likely decide next week whether to proceed with the merger proposal. Should the French automaker green light FCA's proposal, it will sign a non-binding agreement and enter formal negotiations on the details of a full merger between the two car companies.