Fiat-Renault merger plan comes amid wave of auto consolidation

A proposed merger between Fiat-Chrysler and Renault is part of a wave of consolidation in the auto industry amid a rapidly changing marketplace. Also, Italy's Matteo Salvini wants to change EU budget rules that could see Brussels fine Rome €3 billion for excessive deficits, and the European Central Bank releases new 100 and 200-euro notes.