Renault chairman can 'never say never' on Fiat but deal not on table

Renault chairman can 'never say never' on Fiat but deal not on table

Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault h
Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt, near Paris, Oct 11, 2019. (Photo: Reuters/Charles Platiau)

PARIS: Renault Chairman Jean-Dominique Senard said on Tuesday (Oct 22) that a possible deal with Italian carmaker Fiat was not on the table for now, although he did not rule out it being re-examined at some stage in the future.

"Today, it's not on the table," Senard told France Inter radio, later adding that "one must never say never" regarding speculation that Renault might relook at merging with Fiat.

Renault, which earlier this month issued a profit warning and ousted CEO Thierry Bollore, abandoned a deal with Fiat in June.

Source: Reuters/zl

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