Nissan tells Renault 'not opposed' to Fiat Chrysler merger plan: Nikkei

TOKYO: Nissan on Wednesday told Renault it wasn't opposed to its partner's potential US$35 billion merger with Fiat Chrysler, the Nikkei newspaper said, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry.

"We are not opposed," the Nikkei quoted an unnamed Nissan source who had attended the meeting as saying. The person also said"many details need to be worked out" before the Japanese automaker solidifies its position on the issue, the Nikkei reported. Nissan, which has rebuffed overtures by Renault for a merger of their own despite their 20-year alliance, was blindsided by the discussions, sources have told Reuters, stoking concerns that a deal with Fiat Chrysler could weaken Nissan's relations with Renault.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Nissan board nominees not broaching merger issue: memberNissan Motor Co is not considering the possibility of a merger with top shareholder Renault at the moment, and none of the nominees to the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Fiat Chrysler presents plan for merger with RenaultItalian-US auto giant Fiat Chrysler presented a merger proposal to France's Renault on Monday that would create the world's third largest automaker.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Fiat Chrysler makes merger offer to RenaultFiat Chrysler has made a 'transformative merger' proposal to French peer Renault, the Italian carmaker said on Monday, in a deal which would ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »