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French Economy and Finance Minister Bruno Le Maire delivers a speech during a high-level forum on debt at the Finance ministry in Paris, France. File photo/Reuters
Renault’s alliance with Japanese partner Nissan remains French Finance Minister Bruno Le Maire’s priority ahead of any further consolidation with the likes of Fiat-Chrysler, he said on Tuesday.
“It is not in our interest at all to weaken this alliance,” Le Maire told Europe 1 radio. The French government is Renault’s biggest shareholder with a 15% stake.
Asked to comment on media reports that Fiat’s top executive had been in Paris over the weekend, Le Maire replied: “It poses me no problems at all if the head of Fiat were to spend his time in Paris.”
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 on Saturday.
Nissan Motor Co believes that attempts by Renault SA to place one of its directors on Nissan's planned governance reform committees may lead to a conflict of interest,
French automaker Renault, its Japanese partner Nissan Motor Co and tech giant Alphabet’s Waymo are exploring a partnership to develop and use self-driving vehicles to transport people and goods in France and Japan, the companies said on Thursday.
France is ready to consider paring back its 15-percent stake in Renault in the interests of consolidating the automaker’s alliance with Japanese partner Nissan, Finance Minister Bruno Le Maire said Saturday.
The pan-European STOXX 600 index slipped 0.1%, failing to match Asian and Wall Street gains , France's CAC 40 fell 0.7% after the country set a new record of daily COVID-19 infections.
Versus the dollar, sterling was up 0.3% at $1.2784 by 0823 GMT, after hitting a two-month low of $1.2676 on Wednesday . Against the euro, sterling was also up 0.4% at 91.24 pence. , after hitting a one-week high of 91.13 on Thursday.
Japan's benchmark Nikkei 225 edged up 0.6% to 23,214.38. Australia's S&P/ASX 200 gained 1.5% to 5,964.90, while South Korea's Kospi added 0.6% at 2,285.09. Hong Kong's Hang Seng gave up earlier gains, sinking 0.7% to 23,146.61. The Shanghai Composite index fell 0.4% to 3,209.85. Shares rose in India but fell in Taiwan and Thailand.
The broader NSE Nifty 50 index rose 0.72% to 10,882.15 and the S&P BSE Sensex climbed 0.7% to 36,809 by 0458 GMT, after falling for six straight sessions.