12:23 ET - Renault is an electric vehicle leader but its fossil fuel models are still trailing behind the upcoming global CO2 regulation. Fiat Chrysler is struggling to reduce emissions and adapt its fleet to new standards, having little exposure to EV. The potential merger's annual cost savings are estimated to exceed EUR5 billion, which could be key to financially supporting an effective emission reduction policy for non-electric cars of the combined company. It could also help further develop Renault's leading EV technology. (goncalo.lousada@dowjones.com)

(END) Dow Jones Newswires

May 29, 2019 12:38 ET (16:38 GMT)

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