If the two combine, the new merged company would become the world’s third-largest global automaker.

Fiat Chrysler Automobiles (FCA) is proposing a merger with French automaker Renault, in which the two companies would each own 50 percent of the other. This merger would create the world’s third-largest global automaker, putting it behind Toyota and Volkswagen and vaulting ahead of Hyundai-Kia. The arrangement would not affect the existing alliance that Renault has with Nissan and Mitsubishi, except for the fact that Nissan would have the opportunity to nominate a person to the board of the new combined Renault-FCA merged company.
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