Fiat Chrysler is moving to dismiss a racketeering lawsuit filed by rival General Motors, denying allegations that it bribed union officials to impose higher labor costs on GM.

Fiat Chrysler Automobiles (FCA) confirmed Friday that it is in discussions with major electronics manufacturer Foxconn, formally known as Hon Hai Precision Industry Co Ltd., regarding the potential creation of an equal joint venture.

Fiat Chrysler said on Friday its has sold its cast iron automotive components business operated through its subsidiary Teksid to Brazil's Tupy for 210 million euros ($233 million).

Fiat Chrysler and Peugeot agreed Wednesday to merge into a single company that will become the world's fourth-largest automaker, a giant that could bring consumers a wider variety of cleaner vehicles at a faster pace, including more powered by electricity.

The boards of Fiat Chrysler Automobiles and PSA Peugeot on Wednesday signed a binding merger deal creating the world's fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies.

The United Auto Workers and Fiat Chrysler reached a tentative agreement Saturday on a new four-year contract, which includes a total of $9 billion in investments but still needs final approval from workers.

Fiat Chrysler and France's PSA Peugeot said Thursday they have agreed to merge to create the world's fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric cars and driverless technologies.