Renault Merger Plan for Nissan Triggers New Tension

Renault SA wants to propose a merger with Nissan Motor Co., bringing officially onto the bargaining table a plan that has angered Nissan, inflamed international tensions and contributed to the prosecution of Carlos Ghosn.

Renault recently asked its bankers to approach Nissan to lay out a plan for a holding company that would combine the two partners, according to people familiar with the proposal. Nissan shareholders and Renault shareholders would each receive about half of the new company, which would have a roughly equal...Carlos Ghosn, the former chairman of Nissan and Renault, assailed Nissan executives and said he is innocent, in a video released by his lawyers and was recorded before his April arrest.

If AbeShinzo government cannot save Nissan from foreigners you are a total failure.

Nissan doesnt have to merge with anyone ..Does it?

Japan now reverting back to closed markets/non-capitalism.

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.

Japan Authorities Indict Carlos Ghosn For Fourth Time, Nissan Poised To Reject Full Renault MergerNissan management has acted as if it is not being treated as an equal partner and that a complete merger would solidify what it perceives as Renault’s dominant position. That dispute is at the heart of the legal fight between Nissan and its former CEO and chairman. This guy must av really pissed off some really powerful Japanese govt people with the way they are going after him. Or they just think no one man should av all that power
Source: Forbes - 🏆 394. / 53 Read more »

Renault to propose joint holding company with Nissan: NikkeiRenault SA will propose to Nissan Motor Co a plan to create a joint holding comp...
Source: Reuters - 🏆 2. / 97 Read more »