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France: Renault to sell its stake in Volvo AB

In an interview with German weekly business news magazine WirtschaftsWoche, Renault chief operating officer Patrick Pelata said that the French vehicle manufacturer intends to sell its 20.7% stake in Volvo AB. "We will probably sell [the Volvo holding], but not at any price," Pelata is quoted as saying. According to him, It’s time to log … Continued

In an interview with German weekly business news magazine WirtschaftsWoche, Renault chief operating officer Patrick Pelata said that the French vehicle manufacturer intends to sell its 20.7% stake in Volvo AB.

"We will probably sell [the Volvo holding], but not at any price," Pelata is quoted as saying. According to him,

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