France's finance minister, Bruno Le Maire, says the French government's priority as a shareholder in automaker Renault SA is to fortify its alliance with Nissan.
Le Maire told reporters during a news conference Sunday after a meeting in Japan of the Group of 20 major economies that protecting jobs and Renault's factories and technology was his pre-eminent concern.
He said that consolidating the alliance with other automakers such as Fiat-Chrysler is a secondary issue, but decisions on that should be made by the companies themselves.
When asked, Le Maire said he had no plans to meet with Nissan's CEO, Hiroto Saikawa.
Fiat Chrysler suddenly withdrew an offer to merge with Renault this past week after the French automaker asked for more time to persuade Nissan to agree to the plan.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app