Description: Renault SA (RNO), which is losing sales faster than any other European carmaker, sold its remaining Volvo AB (VOLVB) stake for 12.8 billion kronor ($1.92 billion) to boost funding, ending an 11-year run as the Swedish truckmaker’s largest owner.
Date: Dec 13, 2012
Questions for Discussions:
- What is the reasoning behind this decision?
- Do you think it is a good one?
- What other alternatives are available to management?