A view of the logo of the Renault factory in Birmingham, UK. The French government has pledged to reduce its stake in the company to push through a partnership with Nissan. – EPA pic, June 8, 2019.
FRANCE is ready to consider cutting its stake in Renault in the interests of consolidating the automaker’s alliance with Nissan, Finance Minister Bruno Le Maire said earlier today. He was speaking in Japan after Italian-US carmaker Fiat Chrysler pulled the plug on its proposed merger with Renault, saying negotiations had become “unreasonable” due to political resistance in Paris.
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