French official says ‘not aware’ of new discussions on Renault, Fiat Chrysler alliance By Reuters

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



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

Martin Vial told France Info radio that Renault’s alliance with Japanese partner Nissan (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.

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