Nissan and Renault shelve merger plans to repair their alliance: sources

) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.

“After the rain, the earth hardens,” said one senior Nissan source, citing a popular Japanese proverb that means relationships become stronger after a period of strife. The sources said the companies were unlikely to disclose many details at the events this week of how the new approach will be used to share costs as the companies were still working on specific projects.

Nissan executives believe their engineers are substantially more productive than their Renault colleagues and the way the French carmaker proposed to combine technology and product development did not properly account for Nissan’s intellectual property, three of the sources said. Earlier this year, relations looked strained to a point where the 21-year alliance was at risk of collapse.

no more crappy cars?

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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Exclusive: Cathay Pacific's brand merger hits roadblock from China's aviation regulator - sourcesChina's aviation regulator may make it difficult for Hong Kong's Cathay Pacific Airways Ltd to merge regional arm Cathay Dragon into its main brand because of infractions during last year's pro-democracy protests, two sources said. The communists would be quite fine if Cathay were to disappear. The ultimate goal is no more HK-based flagship carrier. It's too much of a 'vestige of empire'. Chicoms will wait patiently until it Swire says 'enough', or they'll just keep squeezing. Cathay is already a Chinese lapdog, they fired employees based on their social media supporting the protests last year
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