Business World

Tuesday 16 July 2019

Renault investor 'not aware' of talks

Photo: PA
Photo: PA

Reuters

The head of French state holding company APE said yesterday that he was "not aware" of any new discussions between Renault and Fiat Chrysler over a future alliance.

APE's Martin Vial told France Info radio that Renault's alliance with Japanese partner Nissan remained a priority and that the French state, which is Renault's biggest shareholder with a 15pc stake, does not plan to reduce it.

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Last month, Italian-US carmaker Fiat Chrysler pulled the plug on a proposed merger with Renault, saying negotiations had become "unreasonable" due to political resistance in Paris.

Irish Independent

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