May 27, 2020 / 8:23 AM / a month ago

Renault's Senard says it does not need to merge with Nissan

FILE PHOTO: Renault Chairman Jean-Dominique Senard attends a Renault, Nissan and Mitsubishi chiefs' joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon

PARIS (Reuters) - Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that there was no need for a merger with its partners Nissan (7201.T) and Mitsubishi (7211.T).

“We do not need a merger to be efficient,” Senard said at a news conference. “I bet very well that in a few years time, given what we are doing now, this alliance is going to be the most powerful combination of companies in the world,” he said.

Reporting by Sudip Kar-Gupta; Editing by David Clarke

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