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FormulaE: Buemi triumphs on streets of Paris

Switzerland's Sebastien Buemi consolidated his lead in the Formula E world championship with victory on the streets of Paris on Saturday as title rival Lucas di Grassi crashed out.

Published: 21 May 2017 10:19 CEST
FormulaE: Buemi triumphs on streets of Paris
Sebastien Buemi in the French stage of the Formula E championship around the Invalides in Paris on May 20th. Photo: Geoffroy van der Hasselt/AFP
Buemi, of the Renault E.dams team, finished ahead of Argentina's Jose Maria Lopez (DS Virgin Racing) and Germany's Nick Heidfeld (Mahindra) in a race fought out around the picturesque Esplanade des Invalides.
 
Di Grassi, the winner in the French capital last year, crashed into the barriers four laps from home and retired.
 
 
Results:
  1. Sebastien Buemi (SUI/Renault E.dams)
  2. 2. Jose Maria Lopez (ARG/DS Virgin) at 0.707
  3. Nick Heidfeld (GER/Mahindra) 2.043
  4. Felix Rosenqvist (SWE/Mahindra) 2.621
  5. Nicolas Prost (FRA/Renault E.dams) 3.521
  6. Robin Frijns (NED/Andretti) 7.999
  7. Nelson Piquet junior (BRA/Nextex) 32.420
  8. Tom Dillmann (FRA/Venturi) 32.929
  9. Mitch Evans (AUS/Jaguar) 33.369
  10. Stephane Sarrazin (FRA/Venturi) 34.051
 
World championship standings (after six rounds):
  1. Sebastien Buemi (SUI) 132pts
  2. Lucas di Grassi (BRA) 89
  3. Nicolas Prost (FRA) 58
  4. Nick Heidfeld (GER) 47
  5. Jean-Eric Vergne (FRA) 40
 

RENAULT

France ready to cut Renault stake to shore up Nissan partnership: minister

France is ready to consider cutting its stake in Renault in the interests of consolidating the automaker's alliance with Nissan, Finance Minister Bruno Le Maire said on Saturday.

Published: 9 June 2019 08:48 CEST
France ready to cut Renault stake to shore up Nissan partnership: minister
A Renault employee works at the automaker's factory in Maubeuge, northern France. File photo: Ludovic MARIN / AFP
He was speaking in Japan after Italian-US carmaker Fiat Chrysler pulled the plug on its proposed merger with Renault, saying negotiations had become “unreasonable” due to political resistance in Paris.
 
In an interview with AFP on the sidelines of the G20 finance ministers meeting in Japan, Le Maire said Paris might consider reducing the state's 15-percent stake in Renault if it led to a “more solid” alliance between the Japanese and French firms.
 
“We can reduce the state's stake in Renault's capital. This is not a problem as long as, at the end of the process, we have a more solid auto sector and a more solid alliance between the two great car manufacturers Nissan and Renault,” he told AFP.
 
Last week, FCA stunned the auto world with a proposed “merger of equals” with Renault that would — together with Renault's Japanese partners Nissan and Mitsubishi Motors — create a car giant spanning the globe. The combined group would have been by far the world's biggest, with total sales of some 15 million vehicles, compared to both Volkswagen and Toyota, which sell around 10.6 million apiece.
 
But the deal collapsed suddenly on Thursday, with FCA laying the blame at the door of Paris. 
 
“It has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully,” FCA said in a statement.
 
Le Maire said Renault should concentrate on forging closer ties with its Japanese partner Nissan before seeking other alliances.
 
Things need to be done “in the right order…. First the alliance (between Nissan and Renault) should be consolidated and then consolidation (more generally) and not one before the other.”
 
“Otherwise, everything risks collapsing like a house of cards,” he warned.
 
The minister said it would be up to the bosses of Renault and Nissan to decide how to push the alliance forward as ties between the two firms have been strained after the shock arrest of former boss Carlos Ghosn.
 
Renault is pushing for a full merger between the pair but there is deep scepticism of the plan at Nissan.
 
There were varied reactions from the French unions Saturday.
 
“The government is behaving like the agent of the big shareholders, favouring short-term profit to the detriment of the interests of the country,” said Fabien Gache, of the CGT union.
 
Cutting the state's share in Renault was abandoning its responsibility in the country's auto industry, he argued.
 
Franck Daout of the CFDT union said it backed a three-way alliance between Renault, Nissan and Japan's Mitsubishi — but not one between Nissan and Renault until the alliance had reached a “safe and sustainable maturity”.
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