header banner
WORLD

French finance minister says necessary to preserve Renault-Nissan alliance

FUKUOKA, June 9: French Finance Minister Bruno Le Maire on Sunday said it was necessary to preserve the alliance between Renault SA and Japan’s Nissan Motor Co Ltd, which he said has benefited the French automaker with synergies and technology.
By Reuters

FUKUOKA, June 9: French Finance Minister Bruno Le Maire on Sunday said it was necessary to preserve the alliance between Renault SA and Japan’s Nissan Motor Co Ltd, which he said has benefited the French automaker with synergies and technology.


Related story

Renault will become a successful brand in Nepal


Speaking at a gathering of G20 finance ministers in the southern Japanese city of Fukuoka, Le Maire also said it was not his role to meet with Nissan Chief Executive Hiroto Saikawa, and that the role of the state is a shareholder.


The French state owns 15% of Renault, which in turn owns 43% of Nissan. Le Maire was speaking days after Italy’s Fiat Chrysler Automobiles NV called off a proposed merger with Renault citing the interference of the French government.

Related Stories
ECONOMY

'Renault WOW Offer!' launched

ECONOMY

Renault launches ‘Renault WOW’ offer

Lifestyle

French minister announces Ghosn resignation from R...

ECONOMY

Service camp for Renault cars

ECONOMY

Renault offers test drive