Maserati

The next step in the proposed US$50 billion ($73.5 billion) merger of Fiat Chrysler (FCA) and the PSA Group could be complete by the end of 2019. According to internal emails seen by Reuters and Automotive News, the PSA Group and FCA have formed multiple working groups to come up with a legally-binding memorandum of understanding (MOU) for the merger.

Darcy Foster • The final Maserati GranTurismo has rolled off the assembly line, as the long-running grand tourer is put to rest. Named the Zéda, the model is built to celebrate the production life of the GranTurismo and is said to unite the past, present and future of Maserati as it looks to the electrified future.

Fiat Chrysler Automobiles (FCA) has settled with the US Securities and Exchange Commission (SEC) over accusations it inflated sales figures between 2012 and 2016. The Detroit (and Turin) giant will pay US$40 million ($59 million) and has promised to stop the dodgy practices. According to the SEC, Fiat Chrysler dealers would create and maintain a database of unreported sales throughout strong months, often called the 'cookie jar' by employees.

High-level discussions are reportedly taking place between Renault and Fiat Chrysler (FCA) aimed at reviving the merger between the two companies, and gaining the approval of Nissan, Renault's alliance partner. Three sources have told Reuters John Elkann, chairman of FCA, has had talks with Jean-Dominique Senard, Renault's chairman, and Thierry Bollore, the French automaker's CEO, about bringing the proposed merger between the two companies back to life.

Renault could respond to the "transformative merger" offer from Fiat Chrysler (FCA) as early as next week. Sources have told Reuters the Renault board won't dawdle in deciding whether to accept Fiat Chrysler's offer for a 50/50 merger worth $52.7 billion. 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 companies.