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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