FILE PHOTO: Renault Chairman Jean-Dominique Senard attends a joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon
PARIS - Car makers Renault, Nissan and Mitsubishi may discuss a merger later in the future, Jean-Dominique Senard, the CEO of the French car manufacturer said on Saturday. “These discussions over a capitalistic merger have been carried out for a while and they were brought out in a dramatic way recently,” Senard said in an interview with France Inter radio station. “I think that later on, as events unfold, Renault, Nissan and Mistubishi will think about that with serenity.”Talks about a possible merger over the past days “have scared out everybody”, Senard said.
The removal of Renault CEO Carlos Ghosn, credited with rescuing Nissan from near-bankruptcy in 1999, from the head of the alliance has raised a cloud of uncertainty about its future. As Nissan ponders its future without Ghosn, who is charged with financial misconduct, French partner Renault has been quietly maneuvering for merger talks, sources at both automakers have recently told Reuters.Our Standards:
Yes, because the Strategic Partnership that has been around since 1999 proves worthy and as a way to solidify the position of No.1 Electric Car sellers globally, the merger will be the best strategy. The future is skewed towards green energy & the market for electric car is huge.
Introducing the Renissubishi.
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FCC Chairman Recommends Approval of T-Mobile-Sprint MergerFCC Chairman Ajit Pai said he would back the $26 billion combination of cellphone carriers T-Mobile US and Sprint after the companies agreed to a package of concessions. And the moon is made of cheese ! The gummint needs to get out of picking winners and losers; not smart enough and unintended consequences win every time.
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