France has a strategy for Renault-Nissan alliance, finance minister says

"What is at the heart of this strategy is the reinforcement of the alliance between Renault and Nissan" Le Maire told CNBC on Sunday."What is at the heart of this strategy is the reinforcement of the alliance between Renault and Nissan" Le Maire told CNBC on Sunday.

"Then we will see if consolidation is possible. We are all aware that there is a necessity for consolidation in the automotive industry and the proposal of a merger between Fiat and Renault was a very interesting one but as a second step – the first step must be the reinforcement of alliance between Renault and Nissan," he told CNBC's Nancy Hungerford.

Le Maire's comments come days after Fiat Chrysler pulled back from a $35 billion merger offer for Renault, citing "political conditions in France" as a reason for its withdrawal. Speaking to CNBC last week when the deal collapsed, people close to the negotiations described what they saw as meddling by the French government as

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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.
Source: Reuters - 🏆 2. / 97 Read more »