Boulogne-Billancourt, June 6th, 2019 – Groupe Renault expresses its disappointment not to have the opportunity to continue to pursue the proposal of FCA (Fiat Chrysler Automobiles).
We appreciate Nissan’s constructive approach and wish to thank FCA for their efforts and the Renault’s Board of Directors for its continued confidence.
We view the opportunity as timely, having compelling industrial logic and great financial merit, and which would result in a European based global auto powerhouse.
Further, we believe it emphasises the attractivess of Renault and of the Alliance.
About Groupe Renault
Groupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.9 million vehicles in 134 countries in 2018, with 36 manufacturing sites, 12,700 points of sales and employing more than 180,000 people.
To address the major technological challenges of the future, while continuing to pursue its profitable growth strategy, Groupe Renault is focusing on international expansion. To this end, it is drawing on the synergies of its five brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electric vehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a 100% Renault owned team committed to the Formula 1 World Championship since 2016, the brand is involved in motorsports, a real vector for innovation and awareness.
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