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June 2, 2003

FRANCE: Renault does not deny newspaper speculation it might buy Volvo Car – report

According to Automotive News Europe (ANE), the French daily newspaper La Tribune last week speculated that Renault might buy Volvo Car Corporation.

By bcusack

According to Automotive News Europe (ANE), the French daily newspaper La Tribune last week speculated that Renault might buy Volvo Car Corporation.

La Tribune reportedly quoted an unnamed source saying such an acquisition would be Renault chairman Louis Schweitzer’s last coup before retiring from an executive role in 2005. Renault made an aborted attempt to take over Volvo in 1993, a move that Schweitzer strongly favoured.

“This article does not claim to be anything but speculative, so there’s no point in denying it,” a Renault spokesman told ANE. “But it’s interesting.”

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