Nissan Reportedly Rejects Full Merger Talks From Renault

Nissan together with the Japanese government has recently rejected Renault’s efforts to engage in merger talks followings weeks of tension due to the arrest of former alliance boss Carlos Ghosn.

According to the Financial Times, the relationship between the two brands took a major hit earlier this month when Nissan CEO Hiroto Saikawa told Renault CEO Thierry Bollore and Jean-Dominique Senard, the French carmaker’s chairman, that Nissan wasn’t interested in a full merger at this point in time.

Renault’s proposal had both companies own about 50% stakes in the alliance and have equal board representation, a person familiar with the matter told Bloomberg News last week, while also asking to remain anonymous. They also revealed that the new holding company wouldn’t be headquartered in neither France nor Japan, but possibly in Singapore.

“What we always said, and we still say the exact same thing, is that what we want is the alliance to be irreversible,” said Renault CFO Clotilde Delbos during a conference call last week. “This is what we are pursuing collectively with Nissan.”

It seems as though things aren’t exactly progressing in Renault’s favor right now and that both Nissan and the Japanese government are either in doubt on whether or not they should agree to merge with the French automaker, or are simply waiting to receive more favorable terms with regards to a 50/50 partnership.

  • WalthamDan

    Run Nissan! Run!

    • Liam Paul

      more like Renault whatever you do, do not go to japan unless you want to have all your ceos lock up on fake charges too

  • Mr. EP9

    Of course they rejected it. Everyone knew they were going to do it and they did for like the second or third time. They’ve made it abundantly clear even when Ghosn was still CEO that they didn’t want to merge. Don’t Renault or the French government get it yet? Nissan doesn’t want to merge and are not going to.

  • Giannis Antypas

    Everyone has their price.
    And Nissan is just greedy expecting a lot more from their ‘partners’.
    Like a bankrupt waiting to cannibalize his savior.

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