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September 7, 1993 | SCOTT KRAFT and DONNA K. H. WALTERS, TIMES STAFF WRITERS
With Europe's recession-struck car makers nervously eyeing Japan's muscle, two of the Continent's most profitable auto manufacturers--France's Renault and Sweden's Volvo--said Monday they will merge, creating the world's sixth-largest car maker. The merger, to take effect Jan. 1, will bring together two car makers whose names are national treasures in their homelands. Indeed, the French government owns 80% of Renault.
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BUSINESS
July 14, 1994 | From Times Staff and Wire Reports
Renault May Be Up for Sale: The French government said it will hire a bank to advise it on a possible public sale of the state-owned car and truck maker. But it said a decision to hire an adviser does not imply that a decision has been made to sell Renault, the world's sixth-largest auto maker. "It will elucidate the different possible options for an opening up of Renault's capital," Minister of the Economy Edmond Alphandery said in announcing the move.
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BUSINESS
July 14, 1994 | From Times Staff and Wire Reports
Renault May Be Up for Sale: The French government said it will hire a bank to advise it on a possible public sale of the state-owned car and truck maker. But it said a decision to hire an adviser does not imply that a decision has been made to sell Renault, the world's sixth-largest auto maker. "It will elucidate the different possible options for an opening up of Renault's capital," Minister of the Economy Edmond Alphandery said in announcing the move.
NEWS
September 7, 1993 | SCOTT KRAFT and DONNA K. H. WALTERS, TIMES STAFF WRITERS
With Europe's recession-struck car makers nervously eyeing Japan's muscle, two of the Continent's most profitable auto manufacturers--France's Renault and Sweden's Volvo--said Monday they will merge, creating the world's sixth-largest car maker. The merger, to take effect Jan. 1, will bring together two car makers whose names are national treasures in their homelands. Indeed, the French government owns 80% of Renault.
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