The Dow Jones Industrial Average fell on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The fine against Carmene "Zsa Zsa" DePaolo was the maximum possible civil penalty that she faced under the Hatch Act for her comments about Hillary Clinton's immigration plan...Politicsread more
Sen. Elizabeth Warren has called on lobbyists to be banned from donating and fundraising for their preferred campaigns. Her new plan represents the latest shift for Warren who...2020 Electionsread more
Fifty percent of Saudi Arabia's crude production taken offline from Saturday's attack has been restored in the past two days, the kingdom's energy minister told reporters...Oilread more
General Motors stands to lose hundreds of millions of dollars in lost production as a United Auto Workers union strike against the automaker enters its second day, but Wall...Autosread more
The White House and GM denied a report in Politico that said the Trump administration was involved in the automaker's contract negotiations with the United Auto Workers union.Autosread more
WeWork hopes to sharpen its story for investors as it works to get its on-again, off-again IPO back on track.Technologyread more
(Adds comments, details, background)
PARIS/MILAN, June 3 (Reuters) - Nissan would carry out a "fundamental review" of its relationship with alliance partner Renault if it accepted a merger proposal from Fiat Chrysler, the Japanese carmaker said on Monday.
The proposal under discussion "would significantly alter the structure of our partner Renault," Nissan Chief Executive Hiroto Saikawa said in a statement.
"This would require a fundamental review of the existing relationship between Nissan and Renault," he said, while adding that FCA's arrival as a new alliance member "could expand the paying field for collaboration and create new opportunities for further synergies."
FCA is engaged in intensive discussions with Renault and the French government over the $35 billion merger proposal it pitched last Monday to create the world's third-biggest carmaker.
The Italian-American carmaker is discussing a special dividend, a French government board seat and stronger job guarantees among possible improvements to secure backing from Paris, Reuters reported on Sunday. The French state is Renault's biggest shareholder with a 15 percent stake.
FCA and Renault have stressed they want to preserve the Renault-Nissan alliance - already strained by the arrest and ousting of chairman Carlos Ghosn, who is now facing trial in Japan for financial misconduct charges he denies.
Renault owns roughly 43 percent of Nissan, while Nissan's 15 percent reciprocal Renault holding carries no voting rights.
The claimed 5 billion euros ($5.6 billion) in FCA-Renault deal synergies would depend in part on FCA access to technology jointly owned by Nissan, executives concede.
While Nissan is sensitive about such intellectual property considerations, the Japanese carmaker is optimistic about benefits from a FCA-Renault merger and will "look seriously at supporting them," a senior executive told Reuters.
Renault had no comment on CEO Saikawa's statement, company spokesman Frederic Texier said. But a source close to the French carmaker's board said it could have been worse.
"If you want to say no, you say no," he said. (Reporting by Giulio Piovaccari and Laurence Frost; Editing by Sudip Kar-Gupta)