French government suggested Friday that his production policy rowed back with the car manufacturer as part of their continuing struggle may increase its stake in Renault, but a shareholder in the company’s strategy as its right of intervention defended.
, Industry Minister Christian Estrosi, increasing its stake from 15 percent indicated there was little point because in any case in Renault Industrial Policy and Finance Ministry have decided Elysée Palace.
Renault’s management together with Paris after the company emerged Bhide’s new Clio small car production in Turkey was to detect when it is launched in 2013 on the idea. The Government says that the model should be assembled largely in France.
Renault on Thursday evening at Mr. Estrosi tried to pile on the pressure, as the Government’s 20 per cent as the group’s strategy for more to strengthen his hold on France’s second largest car manufacturer shares in increase was considered.
Understanding “are going to maybe 17, 18 or 20 is a psychological approach to the [Renault], we just react without France’s industrial auto run their course strategy,” he told Reuters in an interview not intend is.
However, in a sudden downgrade, Mr Estrosi said Friday: “The reality is that neither nor the increased number of board members that the strategic and industrial option to receive from the Government and President of the Republic determines Renault’s.
“What if we have capital of 15 percent, or 20 per cent of us, that we have a director or we have six, you think that is where everything is decided or you think that in this place is [Finance Ministry] or in the Elysée? ”
Carlos Ghosn, Renault chief executive officer, Nicolas Sarkozy, President of France on Saturday, with the talks have been invited to Elysée palace.
Brussels is worried that the French government under pressure from Renault in the European Union state aid rules is a violation of a shareholder in response to Mr. Paris said Estrosi and state aid as the company provided € 3bn last year Conditions are not attached.
The European Union’s competition chief Neelie Kroes, on Thursday demanding the Renault Production in France and Brussels in February, the French Government gave assurances clear contradiction between the move “” demanded an explanation from Paris for.
Brussels was related to the € 6bn for Peugeot and Renault were last year’s state debt cost sourcing French car manufacturer – on the basis of qualified suppliers and plant closures in France, resisted.
PARIS France confirmed it settled the dispute when implementation is not that freedom to cross the main producers or production facilities to develop their limited economic activity by the terms applicable to the principles of European Union.
, Finance Minister Christine Lagarde, insisted that “” the kingdom of France was valid was consulted, “Renault’s decision before the Board his advice” is given., That “all laws of the community structure should be undertakings in respect of our European ‘added.
Officials in Brussels, between stressed that his concern is mainly in France, Mr. Estrosi commented on cars for sale in France must be lucky – Clio investment was rather specific.
, A spokesman for Ms. Kroes “Our concern industry minister, Christian Estrosi, which is sold in France, a French car, it must have been in France is something about the statement” said.
He suggested that the minister’s intervention beyond saying a shareholder, declined comment as was: “Let’s see the French” authorities reaction. ”
Renault to increase its stake in one way the government was not likely. At least 15 per cent of it to increase its stake to 25 will receive an effective blocking minority.
The company’s share price has almost doubled since the government last year in favor of the loan into a liquidity crisis to help. At that point it could take a big part, but have not chosen.
Nissan is also upset a very large part, Renault’s alliance partner, which is 15 per cent stake in French car manufacturer. Japanese group is 44 per cent stake in Renault.
, Industry Minister Christian Estrosi, increasing its stake from 15 percent indicated there was little point because in any case in Renault Industrial Policy and Finance Ministry have decided Elysée Palace.
Renault’s management together with Paris after the company emerged Bhide’s new Clio small car production in Turkey was to detect when it is launched in 2013 on the idea. The Government says that the model should be assembled largely in France.
Renault on Thursday evening at Mr. Estrosi tried to pile on the pressure, as the Government’s 20 per cent as the group’s strategy for more to strengthen his hold on France’s second largest car manufacturer shares in increase was considered.
Understanding “are going to maybe 17, 18 or 20 is a psychological approach to the [Renault], we just react without France’s industrial auto run their course strategy,” he told Reuters in an interview not intend is.
However, in a sudden downgrade, Mr Estrosi said Friday: “The reality is that neither nor the increased number of board members that the strategic and industrial option to receive from the Government and President of the Republic determines Renault’s.
“What if we have capital of 15 percent, or 20 per cent of us, that we have a director or we have six, you think that is where everything is decided or you think that in this place is [Finance Ministry] or in the Elysée? ”
Carlos Ghosn, Renault chief executive officer, Nicolas Sarkozy, President of France on Saturday, with the talks have been invited to Elysée palace.
Brussels is worried that the French government under pressure from Renault in the European Union state aid rules is a violation of a shareholder in response to Mr. Paris said Estrosi and state aid as the company provided € 3bn last year Conditions are not attached.
The European Union’s competition chief Neelie Kroes, on Thursday demanding the Renault Production in France and Brussels in February, the French Government gave assurances clear contradiction between the move “” demanded an explanation from Paris for.
Brussels was related to the € 6bn for Peugeot and Renault were last year’s state debt cost sourcing French car manufacturer – on the basis of qualified suppliers and plant closures in France, resisted.
PARIS France confirmed it settled the dispute when implementation is not that freedom to cross the main producers or production facilities to develop their limited economic activity by the terms applicable to the principles of European Union.
, Finance Minister Christine Lagarde, insisted that “” the kingdom of France was valid was consulted, “Renault’s decision before the Board his advice” is given., That “all laws of the community structure should be undertakings in respect of our European ‘added.
Officials in Brussels, between stressed that his concern is mainly in France, Mr. Estrosi commented on cars for sale in France must be lucky – Clio investment was rather specific.
, A spokesman for Ms. Kroes “Our concern industry minister, Christian Estrosi, which is sold in France, a French car, it must have been in France is something about the statement” said.
He suggested that the minister’s intervention beyond saying a shareholder, declined comment as was: “Let’s see the French” authorities reaction. ”
Renault to increase its stake in one way the government was not likely. At least 15 per cent of it to increase its stake to 25 will receive an effective blocking minority.
The company’s share price has almost doubled since the government last year in favor of the loan into a liquidity crisis to help. At that point it could take a big part, but have not chosen.
Nissan is also upset a very large part, Renault’s alliance partner, which is 15 per cent stake in French car manufacturer. Japanese group is 44 per cent stake in Renault.