PARIS -- Renault board members will meet informally for work sessions within days with a view to a decision early next week on whether to go ahead with Fiat Chrysler merger talks, two sources with knowledge of the matter said.
The board is likely to decide next week on whether to sign a non-binding agreement with FCA to proceed with its proposal to negotiate a full merger, the people said on Monday.
FCA has pitched a finely balanced merger of equals to Renault to create the world's third-biggest automaker behind Volkswagen Group and Toyota.
Renault said in a statement on Monday that it was studying the proposal with interest, and considered it friendly.
The $35 billion-plus merger would bring FCA's brands such as Jeep, Chrysler, Alfa Romeo and Fiat under a common umbrella with Renault Group's Renault, Dacia and Lada brands.