Renault-FCA merger idea remains good opportunity: France's Le Maire

France's Finance Minister Bruno Le Maire answers a question during a news conference of the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 9, 2019. Toshifumi Kitamura/Pool via REUTERS

TOKYO - The idea of a merger between Renault SA and Fiat Chrysler remains a good opportunity, but nothing has changed in terms of the conditions the French government has set, French Finance Minister Bruno Le Maire said on Monday. Le Maire made the comment in Tokyo, where he is visiting after a weekend meeting of G20 finance officials in Fukuoka. His visit comes amid strained ties between Renault and its partner, Nissan Motor.

“A merger with FCA remains a beautiful opportunity, because there’s access to the American market and because for FCA there’s access to the electric technologies they need,” he said, adding that “nothing has changed for the French state” regarding the merger conditions it had previously set.Our Standards:

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French finance minister Le Maire says necessary to preserve Renault-Nissan allianceFrench finance minister Bruno Le Maire on Sunday said it was necessary to preser... After France kills the Fiat bid by insisting that no jobs should go from French factories. But my guess the Nissan factories in Europe will avoid high tax France! Qu il ecrive des livres. Honnetement il n a jamais surveille carlos ghosn. La il croit savoir que faire d un constructeur auto. Il n y connait rien. BrunoLeMaire NissanJP Nissan Why are you people letting Renault steal Technology and profit, dissolve the alliance.
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