Renault Sells Volvo Stake for $1.92B to Lower Debt

Renault SA, which is losing sales faster than any other European carmaker, sold its remaining Volvo AB stake for 12.8 billion kronor ($1.92 billion) to boost funding, ending an 11-year run as the Swedish truckmaker’s largest owner.
Europe Confronts Recession: Surveillance (03/04)
59:57 - March 4 -- Full episode of "Bloomberg Surveillance." Guests: Frederick Lane, Alix Steel, Tim Martin, Richard Haass and Mark Halperin.
  • Why Investing Globally May Beat Investing Locally
  • Royal Bank of Scotland Braces for More Job Cuts
  • How Concerned Is Netflix Over Video Piracy?