Rival car giants Fiat and Renault seek an alliance as the motor industry battles a slowdown in sales

Fiat Chrysler is holding tie-up talks with French rival Renault

Fiat Chrysler is holding tie-up talks with French rival Renault as the car industry battles a slowdown in sales.

The two firms are said to be in discussions about how they can work together, potentially paving the way for a formal merger.

Renault is already in an alliance with Nissan and Mitsubishi, in which they share many resources and suppliers. 

It comes as car makers are being hammered by tariffs slapped on by US President Donald Trump, while customers are shunning diesel vehicles due to pollution concerns.

A merger between Renault and Italy‘s Fiat would create the world‘s largest car manufacturer.

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