Renault chairman can ‘never say never’ on Fiat but deal not on table

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YOKOHAMA, JAPAN - MARCH 12: Renault SA Chairman Jean-Dominique Senard speaks during a joint news conference with Nissan Motor Co. and Mitsubishi Motors Corp. on March 12, 2019 in Yokohama. Japan. They announced on Tuesday that Senard will act as Chairman of the new operating board of the three companies' alliance, with the CEOs of Nissan, Renault, and Mitsubishi Motors also joining the board. (Photo by Tomohiro Ohsumi/Getty Images)

PARIS (Reuters) – Renault (RENA.PA) Chairman Jean-Dominique Senard said on Tuesday that a possible deal with Italian carmaker Fiat (FCHA.MI) 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.

Reporting by Matthieu Protard and Sudip Kar-Gupta; Editing by Tom Hogue

Our Standards:The Thomson Reuters Trust Principles.

Reuters

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