FCA Chairman Promises Big Benefits For Nissan, Mitsubishi If Merger With Renault Goes Through

John Elkann, Fiat Chrysler Automobiles Chairman, has nothing but “huge respect” for Nissan and Mitsubishi, saying that if the merger proposal with Renault goes through, it will prove beneficial for all the involved car makers.

“Our proposed merger with Renault will create the potential to build a global partnership with all three of these great companies during this period of unprecedented transformation in our industry”, Elkann said to Japanese newspaper Nikkei.

“By proposing a business combination with Renault, our spirit is one of finding a common purpose that provides benefits for all our companies, embracing Nissan and Mitsubishi as valued and respected partners”, FCA’s Chairman added.

Also Read: Possible Renault-FCA Merger Could Spell Trouble For Nissan

Fiat Chrysler has officially submitted a 50-50 merger proposal to Renault, following earlier negotiations to identify areas of common interest. The potential tie-up could create an automotive juggernaut that would sell around 8.7 million vehicles annually.

Under the proposed FCA-Renault structure, Nissan would get just one seat on the 11-strong board, changing the dynamic for the Japanese automaker significantly according to some analysts. Nissan has pushed back against Renault’s previous efforts to tighten up their alliance.

However, Nissan is expected to gain voting rights through the potential new FCA-Renault structure but there are doubts in the air about the size of the Japanese company’s role in the new alliance. This is important since Nissan is the only brand of the ones involved with a strong presence in China, the world’s largest market.

Renault currently owns a 43.4 percent stake in Nissan while Nissan holds a 15 percent non-voting stake in Renault, giving the French automaker the upper hand in all negotiations. Nissan holds a 34 percent stake in Mitsubishi.

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  • Puddingpopper

    How much you wanna bet the Japanese are walking away from all that? I feel their relationship has Ghosn bad.

    • roy

      I see what you did there

  • KAG25

    That would just ruin cheaper cars, everything would look the same

    • Loquacious Borborygmus

      They don’t need much help.

      • KAG25

        please, what piece of crap do you drive, a 1979 chevy pickup

        • Loquacious Borborygmus

          Hey! There’s classes for instant read rage.

  • Mr. EP9

    I don’t know. I really think they are going to bail.

    • Alduin

      Lets hope so. This merger could spell disastrous results.

  • Liam Paul

    Hyundai should have gone for FCA while they had the chance, They would had benefited so much from Ram and Jeep.

  • ME

    Nissan should have 3 seats on the board.

  • Andrew Ngo

    Sounds over promising. Definitely will gain the knowledge of making it cheap and enrich their service centers.

  • Сафиуллина-Мохамед Рамазанов

    100% Nissan will flee

  • botornot387

    nissan current cars are sh*t, so they are just going to spread it around through the rest of FCA?

    • Alduin

      What do you mean Nissans current cars? Nissans have been garbage since like 2002-present.

  • ThatGuy

    Nissan will def, walk away with Mitsubishi.

    Renault and FCA can build a power house as the R&D and platform they have is very good.
    Win-win for Renault and FCA if this goes through, plus Renaults footprint globally has grown.

    Nissan and MItsubishi have shrunk, obviously with Nissan China and the Qashqai in Europe barely saving Nissan.
    It just struck me if Nissan and Mits do their own thing will it go well, as both brand reliability are shot and they have the worst CVT’s in the game.

    Then boom Chinese company steps in buys Nissan and Mits, as they spiral. Its like the matrix only car companies.
    All hypothetical peeps

    • Alduin

      Nissan needs to fix their Jatco transmission division,or sell them and use Toyotas Aisin for their transmissions. Nissans CVT’s are garbage.

      • ThatGuy

        Alduin that is a fact. The thing is will they change it sooner than later, the whole hindsight thing. Aisin trans are very good. I know people talk about droning but its not as bad as they say, my issue is when driving a bit more spirited they struggle to find a “gear” or sequence.

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