PARIS: French Prime Minister Manuel Valls said on Sunday he was opposed to a full merger of Renault and Nissan, but wanted to “preserve the alliance,” following a week of mounting tensions over the role of the state in the carmaker.
“What we want is to preserve the alliance, we don’t want a merger. The state fully plays its role as a shareholder . . . and at the same time we have confidence in the managers of Nissan and Renault,” Valls told reporters.
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