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.
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Full Show: Surveillance (07/29)
54:23 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Peterson Institute President Adam Posen and Amherst Pierpoint Global Strategist Robert Sinche. (Source: Bloomberg)