Japanese Government Allegedly Involved In The Collapse Of The Renault-FCA Deal

The Japanese government was reportedly involved in the collapse of merger talks between Renault and Fiat Chrysler, expressing their concern that a potential deal could had negative effects on Nissan.

Citing people familiar with the matter, Bloomberg reports that Japanese officials shared their opinion with the French government. That lead to France -Renault’s biggest shareholder- to pause the discussions in order to try and win Nissan’s support, only for FCA to be annoyed for the delay and withdraw its proposal.

The details on Japanese government’s role were apparently kept secret until now but if true, they give us a good idea of how complex these merger negotiations were between Renault and Fiat Chrysler Automobiles.

Also Read: Nissan Grants Renault Multiple Boardroom Seats To Ease Tensions

Japan’s ministry of economy, trade and industry declined to comment, as did France’s finance ministry. Renault and Nissan representatives are also not commenting on the story.

According to the same sources, Nissan didn’t ask the Japanese ministry of economy, trade and industry to intervene with the French government, despite feeling sidelined in the proposed Renault-FCA deal.

The focus now shifts on repairing the relationship between Renault and Nissan, with the two car makers having already made the first steps towards that goal.

Soon after Renault approving Nissan’s new governance structure, the Japanese car maker allowed Renault CEO Thierry Bollore to sit on their board’s audit committee, while Renault Chairman Jean-Dominique Senard will hold a seat at Nissan’s nomination committee.

  • Six_Tymes

    CORRUPTION at the highest level. AND Carlos probably saw through their BS and why they railroaded him. Nissan has BAD people at the helm now, great job idiots. Carlos Ghosn builds the company back up after years of hard work and being the best CEO and chairman that Nissan has ever had, and they ruin him. Idiots. notice the two positions he held, CEO and chairman, the others have always been jealous and hated him for being able to run everything while they sat back and sipped tea.

    • Patrick Bong

      Pretty sure Carlos Ghosn is also a prime example of corruption at the highest level. Even Renault and the French find him to be corrupt. Just because he brought a company back to profitability doesn’t mean he can do whatever he wants without consequences. He was doing a job he was paid for. A bank branch manager wouldn’t get to take what he wants from the vault without impunity because his branch is doing great. Ghosn wasn’t ruined by Nissan; he ruined himself because he was greedy. All his talk about “backstabbing” is meaningless. Just because someone snitched on you doesn’t mean u didn’t do the crime.

      • Six_Tymes

        twisted thinkers are hysterical. in time you’ll get it, that is if more truth comes out.

        • Patrick Bong

          Lol ok. You are so wise and not at all twisted or hysterical.

    • Jason Miller

      Pretty sure this article is about the Japanese government. What are you on about?

      • Super Rob

        Ghosn the CEO of Nissan who is now under charges in Japan. It’s all starting to look a little clearer now with this info of the Japanese government meddling because of how this effects Nissan.

        • Six_Tymes

          clear to you and me and many others, apparently will take Jason awhile to figure out. its been clear for over a year now.

        • Jason Miller

          I know perfectly well what’s going on. This article is about the Japanese government. But Mr Six here takes the time to blame it on Nissan. I think he’s got something out for them. “I’ll never buy a Nissan again”. Probably hasn’t ever owned one and wasn’t going to anyway.

          • Super Rob

            The same Japanese government that torpedoed the deal because of how it effects Nissan, is also prosecuting Nissans CEO. There is one common denominator in all this.

  • Bash

    I thought it’s the French Goverment! I must say I’m surprised.

  • Tan Lee

    Pretty sure Nissans current Corporate governance structure was put in place by Carlos Ghosn to prevent Corruption and avoid Nissan from repeating its past mistakes. This reminds me of when the banks were ‘Deregulated’ it didn’t work out too well after that. They are changing it so that the Japanese can have more control

  • Oscar Cereijo

    Just can’t wait for the Netflix movie! https://media3.giphy.com/media/t3dLl0TGHCxTG/giphy.gif

    • Astonman

      My dad loved this show! She was and still is phenomenal.

  • what a (boring) saga!

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