Renault’s Senard Plays Down Potential for Nissan, Fiat Mergers
- Any Fiat plan is "dead" at the moment, Renault chairman says
- Priority should be turning around the Japanese automaker
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Renault SA Chairman Jean-Dominique Senard appears to have put merger considerations on the backburner as longstanding partner Nissan Motor Co. needs time for a turnaround and a failed deal with rival Fiat Chrysler Automobiles NV remains “dead.”
A closer tie up with Nissan would best be discussed “when the business runs well, when strategy is set,” Senard told reporters on Thursday at a meeting of the Anglo-American Press Association of Paris. It’s “not an absolute necessity.”