Renault Wants Full Nissan Merger, Plans Bid For FCA

Renault is looking to restart merger talks with Nissan sometime in the next 12 months, as it seeks to create one of the world’s largest auto conglomerates, rivaling the VW Group and Toyota.

If Renault and Nissan merge, their next step could be to launch a bid for Fiat Chrysler Automobiles (FCA), which has been discussed in the past under the guidance of former alliance chairman Carlos Ghosn, as reported by Bloomberg. Ghosn’s proposal was then stopped in its tracks by the French government.

Now, Fiat Chrysler Automobiles is currently seeking a partnership or merger, and its chairman John Elkann has already met with other rivals, including the PSA Group.

Absorbing FCA would be a tall order for any automaker, but Renault in particular might be the one to face additional struggles seen as how its most powerful shareholder is the French government, whose stake could potentially be diluted as multiple brands buy in.

While Renault and Nissan’s alliance never went as far as a full merger, it has still proven to be very successful from a financial standpoint – and while the partnership has been affected recently by the scandal surrounding Ghosn, the appointment of chairman Jean-Dominique Senard has improved confidence across the board.

Currently, Renault’s market cap sits at about 16.8 billion euros ($18.9 billion), while Nissan’s valuation is about $35 billion. FCA on the other hand has a market cap of roughly $23 billion.

  • kachuks

    Bit ambitious, I think.

    • Wis

      This is just the beginning (hence, the right strategy for Renault). With electric cars becoming the norm in 10-20 years completely new players will enter this market faster than traditional players wish for (I’m saying this as a German…). See Dyson and co. They have to consolidate to drive costs down. That’s why Merc and BMW are talking, VW and Ford etc.

      • john1168

        Wow! I didn’t know that Merc and BMW were talking… I could be wrong but I was wondering if the Chinese auto manufacturers were going to enter markets in Europe and the US and would flood said markets with a lot of cheap products that they knew people would buy? And by the big manufacturers having agreements or mergers with one another, it would keep them competitive? Just a theory…

  • WalthamDan

    Lord, if you had concerns about FCA quality now just wait til they are under Renault. And as for styling……..

    • Matt

      What’s wrong with Renault’s styling? Some of the most attractive cars in their segments right now.

    • Perry F. Bruns

      It’s not like they’re going to bring back the Alliance and the Fuego.

      At least…I hope not.

  • Mr. EP9

    That merger with Nissan ain’t happening…….FCA on the other hand.

  • charlotteharry57

    Folks all over the place are coming down on Nissan for hideous quality. I think Renault’s and FCA’s are FAR worse. IMO, Nissan should just go it alone (if they want to bring Mitsu along, fine).
    What a mess this is becoming. A horrible mess. Unfortunately, I doubt Nissan would be able to get rid of Renault.
    Hopefully, FCA will wise up and quickly run the other way. But, not sure PSA is what it needs, either.

  • Leconte Dave


  • TheToadPrince..~~ToadSquad

    FCA is stupid but not that stupid!!

    • helloWorld

      you are going to be wrong sometime in the future. I believe they are

  • Galaxium

    I have always believed that Hyundai/Kia/Genesis should submit a merger bid with FCA. FCA needs the reliability and the services that Hyundai as a conglomerate has. H/K/G would benefit having comprehensive truck/SUV brands. Would also like to see Maserati be fixed and revamped by H/K/G instead too.

    • MarketAndChurch

      That could be cool. HKG would also update FCA’s SUV lineup, share some car platforms with Chrysler and Dodge, maybe even bring back SRT and the Viper from the dead. But the quality, technology, and new powertrains that come with new models is what is holding back Dodge, Jeep, and Chrysler. Maybe HKG can just buy off the American half of FCA from Fiat.

  • FoxJ30

    – Nissan Micra and FIAT 500 could become the same car
    – Infiniti Q50, Alfa Giulia, Maserati Giblet could become the same car
    – Dodge Charger, Chrysler 300, Infiniti Q70, and Maserati Quattroporte could beccome the same car
    – Quashqai/Rogue and Jeep Compass

    … honestly, plenty of overlap. It would give FCA some much needed modern car platforms, but what would it give Nissan/Renault, besides for the Jeep, Dodge Ram, and Maserati brands? Sure, Nissan could use an injection in their truck arm, but I don’t think they’re too fussed about the Titan not selling too well. And the Nissan Patrol probably has as much international cred as a Jeep Grand Cherokee. Which leaves Maserati, which is more prestige than money maker, and we all know how tough it is to compete against the German 3. Look at JLR, Cadillac, Lexus, and Nissan’s own efforts for proof.

  • Eddy

    This could be interesting.

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