FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau/File Photo
The head of French state holding APE said on Thursday he was “not aware” of any new discussions between Renault and Fiat Chrysler over a future alliance.
PARIS: The head of French state holding APE said on Thursday he was “not aware” of any new discussions between Renault and Fiat Chrysler over a future alliance.
Martin Vial told France Info radio that Renault’s alliance with Japanese partner Nissan remained a priority and that the state, which is Renault’s biggest shareholder with a 15 percent stake, did not plan to reduce that stake.
Advertisement
Advertisement
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.
(Reporting by Dominique Vidalon; editing by John Irish)
