Jean-Dominique Senard, Chairman of Renault, told that the shortlist would be finished \"in a very short space of time\"

The multi-brand group will include the Fiat, Dodge, Ram, Chrysler, Alfa Romeo, Maserati, Peugeot, DS, Opel and Vauxhall brands, allowing it to serve mass and premium passenger car markets as well as trucks and light commercial vehicles.

The decision comes after months of turmoil at Japan's second-largest automaker following the downfall of former Chairman Carlos Ghosn last year and the departure of former CEO Hiroto Saikawa last month

Nissan CEO Hiroto Saikawa, who admitted to being improperly being overpaid last week, will be temporarily replaced by Chief Operating Officer Yasuhiro Yamauchi

Renault Triber launched: The car gets a host of features like an 8.0-inch touchscreen infotainment system, Apple CarPlay and Android Auto smartphone connectivity, Auto climate control, among others

The automobile industry is in the middle of an unprecedented slowdown. With companies beginning to lay off workers, the worst is yet to come

Slow domestic demand hounding the Indian auto sector saw Maruti Suzuki, the biggest carmaker in India, slashing vehicle production for the fourth consecutive month in May

Renualt decided to pull out of the merger after the French government could not secure explicit consent of Nissan, a longstanding partner of Renault, on certain stipulations of the deal.

FCA and Renault have a combined market capitalization approaching 33 billion euros ($37 billion) and total global sales of 8.7 million vehicles