French Finance Minister Bruno Le Maire says the country is prepared to reduce its 15% stake if it led to a "more solid" auto sector between the Japanese and French firms.
Le Maire had said the French government was open to tie-ups as long as the French industrial interests were protected.
Last week Fiat Chrysler blamed French politics for the breakdown of its $35 billion merger offer for Renault, in what would have been a landmark deal to create the world's third-biggest automaker behind Japan's Toyota Motor Corp and Germany's Volkswagen.
Reuters sources reported that the French government had welcomed the plan, but pushed for a series of guarantees and concessions that pushed FCA over the edge.
China's Xi pushes for global AI body at APEC in counter to US
H.H. Sheikh Mansour holds talks with CEO of France’s CMA CGM Group
ADNOC Distribution reports $579 million net profit in first 9 months
TECOM Group’s 9-month shows 20% revenue growth
DFM reports 212% increase in net profit before tax to AED930.8 million
