PARIS — Italian-French bus-maker Irisbus is in the peculiar position of facing an uncertain future while enjoying a global sales rise. The future began to look vague when Renault SA late last year merged its heavy truck divisions — Renault VI and Mack — with AB Volvo's in exchange for 20% ownership of the Swedish truckmaker. As a result, European anti-trust regulators have given Renault two years to end its Irisbus joint venture with Fiat SpA's Iveco truck unit. The 50/50 partnership saw ...

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