Renault reportedly plans to restart Nissan merger talks in bid to buyout Fiat-Chrysler

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

One of the world's largest car-making pacts could become even larger. Renault is reportedly planning to merge with Nissan, then buy Fiat-Chrysler.

French carmaker Renault is keen to restart its merger plans with Nissan, then buy another firm, the Financial TimesRenault and Japanese automaker Nissan already have an alliance alongside Mitsubishi. A merger was a long standing plan of embattled former CEO Carlos Ghosn.

Fiat-Chrysler is said to be keen on a potential merger or partnership and has been in contact with other rivals in the past.French automaker Renault is planning to restart merger talks with Japanese carmaker Nissan in the next 12 months, to the Financial Times, citing people familiar with the matter. The merged company may then buy another auto firm, the FT said, with Fiat-Chrysler"among the preferred targets."Fiat-Chrysler has a market capitalization of about €21 billion . Combined, Renault, Nissan and Mitsubishi, have a value of more than €50 billion, the FT said.A Renault-Nissan merger was partly the brainchild of former executive at the automakers, Carlos Ghosn.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Renault aims to restart Nissan merger talks within 12 months: FTFrance's Renault SA intends to restart merger talks with Japan's Nissa... Renault said . Then Nissan’s Another Coup will start France 🇫🇷 changed Law for State Own Enterprise Renault and hijack Foreign Company Nissan ? France 🇫🇷 is like China 🇨🇳 Never buy any song. My third Nissan saw its transmission died at 89k miles & Nissan basically told me too bad. They also told me loyalty counts for nothing. Then kengarff said they wouldn’t charge me the $150 diagnostic fee & they did anyways.
Source: Reuters - 🏆 2. / 97 Read more »