Nissan reportedly not opposed to Renault-FCA merger plan
Nissan was blindsided by news of the potential $35bn merger, stoking concerns that the deal could weaken Nissan’s 20-year relationship with Renault
Tokyo — On Wednesday, Nissan told Renault it wasn’t opposed to its partner’s potential $35bn merger with Fiat Chrysler Automobiles (FCA), the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the automotive industry. The leaders of Nissan Motor, France’s Renault, and junior partner Mitsubishi Motors gathered at Nissan’s headquarters in Yokohama for a scheduled alliance meeting — one overshadowed by FCA’s proposal this week for a merger-of-equals with Renault. The plan, which would create the world’s third-largest vehicle maker, raises difficult questions about how Nissan would fit into a radically changed alliance. Renault chair Jean-Dominique Senard arrived in Japan on Tuesday to discuss the proposed tie-up with Nissan, 43.4% owned by the French car maker. “We are not opposed,” the Nikkei quoted an unnamed Nissan source who had attended the meeting as saying. The person also said “many details need to be worked out” before t...
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