Nissan Says They Have No Interest Whatsoever In Renault Merger

Nissan says it has no interest in a merger with alliance partner Renault, despite the French government apparently pushing for exactly that.

Speaking with Nikkei Asian Review at the recent Beijing Motor Show, Nissan chief executive Hiroto Saikawa indicated that merging the two automakers wouldn’t make sense.

“I see no merit [in merging]. I think it would have side effects,” Saikawa said.

“The point of the alliance is to keep its members independent and maximize the growth of each. [This arrangement] produces synergies in areas like development and production,” he added.

The French government owns a 15.1 percent stake in Renault and is reportedly pushing for a merger with Nissan to expand the country’s automotive industry. The existing Renault-Nissan-Mitsubishi Alliance sees Renault holding a 43.4 per cent stake in Nissan while Nissan has a 15 per cent stake in Renault and 34 per cent in Mitsubishi.

Although Nissan doesn’t want to merge with Renault, the Alliance’s chief executive Carlos Ghosn recently told the media that “all options are open” concerning that issue.

Meanwhile, uncertainty about the relationship between the two companies has had a negative impact on their share prices in recent days.

The future of Renault and Nissan, whatever it may be, will probably become clear at Groupe Renault’s annual general meeting in Paris next month.

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  • Six_Tymes

    Hello French government, Get Lost, let them run their business.

    • Matt

      You’re not French so it doesn’t concern you

      • Alter Ego

        I hate it when people say shit like, “you’re not from _ so you’re opinion doesn’t matter” as if it’s impossible for an outsider to give good insight on a situation. What a stupid way to think.

        • Six_Tymes

          spot on.

          I got him back with a bit of stereo typing, since he thinks stupid, he’ll understand that.

          • Matt

            Yeah I got it, too bad I’m not French.

      • Six_Tymes

        And you must be, since you have a bad attitude and self centered.

        lol

        • Matt

          Haha – no.

  • Matt

    Good points. My comment, as stated below, was made in jest.

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