Renault is preparing to negotiate with the Nissan over the merger with the FCA

Renault is preparing to negotiate with the Nissan over the merger with the FCA

May 29, 2019 0 By autotimesnews

Earlier we wrote that the French and American concerns were negotiating mergers. However, Nissan (part of the Renault-Nissan-Mitsubishi alliance) categorically refused to do so.

According to the latest information from Bloomberg, Chairman of the Board of Directors Jean Dominic Senar arrived in Tokyo to attend the monthly meeting of the Nissan – Renault – Mitsubishi Alliance. An additional task of the top manager will be negotiations with the leadership of Nissan on a possible merger of Renault and Fiat Chrysler. The French brand is planning to convince the Japanese to unite in a future merger.

At the moment, it is known that Hiroto Saikawa, the executive director of Nissan Motors, seems to have begun to fluctuate in the categorical position of refusal to merge. Earlier, he said that he did not see any advantages in this for the company Nissan. He intends to study in more detail all the nuances and understand the benefits for the Japanese brand. To date, equality in the Nissan-Renault-Mitsubishi alliance is not. In the asset renault 43.4% stake in Nissan, with the right to vote. At the same time, Nissan has a good asset of Renault shares, but without the right to vote. In the case of a merger, this inequality will continue.

But Hiroto also added that the expansion of the alliance’s influence will have a positive effect on the future of the companies in it.