The company Saviem was formed in October 1955 by the merger of Renault's trucks and buses manufacturing operations with Somua and Latil and both Schneider (owner of Somua) and the Blum family (owner of Latil) had stakes in the new company.
Saviem was founded in October 1955 through the merger of Renault's truck and bus manufacturing operations with Somua and Latil. The involvement of Schneider, who owned Somua, and the Blum family, who owned Latil, underscores their significant role in this new enterprise.