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.

more photos...
  • 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.

California And 22 Other States Sue U.S. Government Over Auto Emissions Standards

The war between the Trump administration, who revoked states’ rights to set their own standards, and state officials is escalating.

Mercedes Is Asking $53k For 22,000-Mile 1982 S-Class In Showroom Condition

Currently residing at the Mercedes-Benz Museum, this classic S-Class has undergone a thorough restoration by the company itself and is accompanied by all documents and invoices .

2020 Opel/Vauxhall Astra Leaves A Good Chunk Of Its GM Legacy Behind

The styling changes are minor, but the revamped Astra gets an all-new, PSA-derived engine lineup that should help it keep up with its rivals.

Toyota Land Cruiser Celebrates 10 Million Units Sold Since 1951

Toyota’s iconic off-roader has been on sale for 68 years now, with the latest generation being available in 170 markets worldwide.

VW T-Roc Gains 187 HP Diesel, Two New Design Packs In Europe

Apart from the new range-topping diesel engine, VW’s compact SUV is now also available with a Black Style and Beats package .

Jaguar Insists It’s Committed To Keep Making Sedans And Sports Cars

Jag will build next-generation models of the XJ, XE and XF, in all likelihood with electrified powertrains, and won’t become an SUV-only brand.

Renault Pondering Whether The 454 HP Zoe e-Sport EV Hyper Hatch Is Feasible

Launched as a concept more than two years ago with a dual electric motor set up, it can hit 62 mph from a standstill in just 3.2 seconds.

128 HP Opel Corsa GS Line Somehow Flew Under The Radar In Frankfurt

The GS Line is a warm hatch that packs a turbocharged three-pot and is billed as the spiritual successor to the first-gen GSi.

FCA Promises Fixed UK Prices On Post-Brexit Deliveries – On One Condition

No matter the outcome of the Brexit, Fiat Chrysler will guarantee prices across its range remains the same as long as you’ve placed your order until October 31 .

No, This Backwards-Facing Pickup Isn’t Really Driving In Reverse

This Chevrolet pickup somehow passed all safety inspections in Massachusetts and is totally road legal.