PARIS, Feb 24 (Reuters) - French car maker Renault said on Monday it had signed a deal with German harvesting machinery maker Claas under which the German group will take a 51 percent stake in Renault Agriculture. Renault will in the short term retain a 49 percent interest in the tractor making unit, with Claas increasing its stake to 80 percent "in the longer term" Renault said. No financial details were given. Renault said the merged activities would allow economies of scale and ...
Premium Content (PAID Subscription Required)
"Renault confirms Agriculture deal with Claas" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.