By Pietro Lombardi

Italy's deputy prime minister, Matteo Salvini, said Monday he hopes for a successful tie-up between Fiat Chrysler Automobiles NV (FCA.MI) and Renault SA (RNO.FR).

"If Fiat grows, it is good news for Italy," he said at a press conference.

"I count on the operation to be brilliant and forward-looking, preserving every single job in this country while creating a European car industry giant."

The comments came a few hours after Fiat Chrysler unveiled a merger proposal with French car maker Renault that would create the third-largest auto maker by production.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

May 27, 2019 07:09 ET (11:09 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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