FRANCE: Government claims Renault will use $1.9bn Volvo sale to reinforce domestically

Stay connected Subscribe to our RSS feed

Renault's disposal of its entire 6.5% stake in truckmaker Volvo AB yesterday (13 December) for US$1.9bn, will lead to around 45% of the proceeds being used by the automaker to 'reinforce' its domestic position, claims the French government, which owns 15% of the manufacturer.