Paris - Talks between Fiat Chrysler and Renault have hit a roadblock over the financial terms of the proposed merger between the Italian-US and French carmakers, the French business daily Les Echos reported on Thursday, citing sources close to Fiat Chrysler.
Renault said earlier this week that it was is studying "with interest" a 50-50 merger proposal from Fiat Chrysler (FCA), a deal the would forge the world's third-largest automaker.
The newspaper reported on its website that a source close to FCA said several Renault board members believe the terms of the offer need to be sweetened.
But that is not how FCA sees things, said the source.
"The offer seems fair, it was approved by the board. It is take it or leave it, and fast!" said the source.