Carlos Ghosn Says There’s No Chance Of A Renault-Nissan Merger

Think it’s about time for the Renault-Nissan-Mitsubishi Alliance to merge into one entity? Think again, says Carlos Ghosn.

“Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has zero chance of getting a result,” the chairman of the alliance and CEO of Renault told Mitsubishi shareholders, according to Reuters.

Though the statement ostensibly precludes only Renault taking over its two Japanese allies, Nissan CEO Hiroto Saikawa also reportedly said that a “full merger” is not being discussed by the members of the alliance, in whatever form.

“We need to work together… to find a system by which what we have today, which is working very well, can continue in the future no matter who is leading the alliance,” said Ghosn.

Though incorporated separately, the three automakers share common ownership, leadership, and billions in syngergetic cooperation. It’s a unique arrangement that’s very different from the shared umbrellas that rival groups like Volkswagen, General Motors, or even Fiat Chrysler cast over their various brands.

The reciprocal ownership structure among the members of the alliance has Renault holding 43.4 percent of Nissan, and Nissan in turn controlling 15 percent of Renault. Nissan acquired 34 percent of Mitsubishi in 2016.

When tallied together, the combined sales of Renault, Nissan, and Mitsubishi would make the alliance the largest producers of automobiles in the world – just ahead of Toyota and Volkswagen. Counted separately, Nissan ranks as the sixth largest (behind Toyota, VW, Hyundai, GM and Ford), and Renault as the ninth (behind Honda and FCA).

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  • Craig

    ONE WEEK FROM NOW: “This just in. Renault and Nissan Merge!”

  • Paul

    If at some time it suits them better they probably will. One should never say never. 😉

  • Leconte Dave

    Good

  • Dude

    People keep asking this and they keep saying no. I don’t see it happening any time soon so I must be missing something,

  • FlameWater

    Let’s focus more on a Mitsubishi/Nissan GT-R Lancer Evolution prototype instead

  • Brent Morrison

    A merger never works out…. check out Daimler Chrysler and Fiat Chrysler lol…. Disastrous.

  • Honestly they already work like a one company anyway.

  • Infinite1

    Yup, it’s called the Mitsubishi e-Evolution Concept.

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