July 4, 2019 / 4:49 PM / 5 months ago

French official says 'not aware' of new discussions on Renault, Fiat Chrysler alliance

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

PARIS (Reuters) - The head of French state holding APE said on Thursday he was “not aware” of any new discussions between Renault (RENA.PA) and Fiat Chrysler (FCHA.MI) over a future alliance.

Martin Vial told France Info radio that Renault’s alliance with Japanese partner Nissan (7201.T) 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.

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below