Renault seeks to tie up with partners
By Emma Vandore |
December 18, 2009, Friday
|
Print Edition
Print Edition
RENAULT SA is talking with potential partners, including Germany's Daimler, to cut costs or boost volumes as it struggles to get its crisis-ravaged finances in better shape.
The French car company's Chief Operating Officer Patrick Pelata said yesterday many discussions are taking place between car makers, and that Renault is seeking partnerships to share research and development costs for vehicles, engines and transmission systems.
He described talks with Daimler AG as "serious" but that the discussions were no further advanced than with other car makers and that there was no guarantee a deal will be struck.
"We are speaking with a lot of people," he said during a meeting with journalists at the company's headquarters in the Paris suburb of Boulogne-Billancourt.
"I can't say we are speaking more with Daimler than with others," he said.
Renault is no stranger to link-ups with others - it already shares development costs with Japanese partner Nissan Motor Co, in which it owns a 44 percent stake.
Pelata said Renault's priority is to find savings through its alliance with Nissan and to help struggling Russian car maker AvtoVAZ, in which Renault has a 25 percent stake.
AvtoVAZ is Russia's largest car maker but has been losing money for years. It plans to lay off a quarter of its 102,000 workers.
Renault has promised a 240 million euro (US$362 million) contribution in technology transfers, production machinery and technological expertise to the Russian car manufacturer.
The French car company's Chief Operating Officer Patrick Pelata said yesterday many discussions are taking place between car makers, and that Renault is seeking partnerships to share research and development costs for vehicles, engines and transmission systems.
He described talks with Daimler AG as "serious" but that the discussions were no further advanced than with other car makers and that there was no guarantee a deal will be struck.
"We are speaking with a lot of people," he said during a meeting with journalists at the company's headquarters in the Paris suburb of Boulogne-Billancourt.
"I can't say we are speaking more with Daimler than with others," he said.
Renault is no stranger to link-ups with others - it already shares development costs with Japanese partner Nissan Motor Co, in which it owns a 44 percent stake.
Pelata said Renault's priority is to find savings through its alliance with Nissan and to help struggling Russian car maker AvtoVAZ, in which Renault has a 25 percent stake.
AvtoVAZ is Russia's largest car maker but has been losing money for years. It plans to lay off a quarter of its 102,000 workers.
Renault has promised a 240 million euro (US$362 million) contribution in technology transfers, production machinery and technological expertise to the Russian car manufacturer.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
