News Formal

Nissan reportedly not opposed to Renault-FCA merger plan

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Singapore News News

Nissan was blindsided by news of the potential $35bn merger, stoking concerns that the deal could weaken Nissan’s 20-year relationship with Renault

Nissan president and CEO Hiroto Saikawa. Picture: REUTERS/KIM KYUNG-HOON

The plan, which would create the world’s third-largest vehicle maker, raises difficult questions about how Nissan would fit into a radically changed alliance. Renault chair Jean-Dominique Senard arrived in Japan on Tuesday to discuss the proposed tie-up with Nissan, 43.4% owned by the French car maker.

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 FCA could weaken Nissan’s relations with Renault.

 

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:

 /  🏆 12. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Merger talks by FCA and Renault catch Nissan by surpriseNissan heard of the Fiat Chrysler Automobiles-Renault plan just days ago, which deal could reduce Nissan’s influence in the Renault alliance
Source: BDliveSA - 🏆 12. / 63 Read more »

Old partner Nissan left sidelined by Renault-Fiat mergerNissan has been left sidelined by a potential tie-up between Renault and Fiat-Chrysler.
Source: eNCA - 🏆 49. / 51 Read more »

Merger talks by FCA and Renault catch Nissan by surpriseNissan heard of the Fiat Chrysler Automobiles-Renault plan just days ago, which deal could reduce Nissan’s influence in the Renault alliance
Source: BDliveSA - 🏆 12. / 63 Read more »

Old partner Nissan left sidelined by Renault-Fiat mergerNissan has been left sidelined by a potential tie-up between Renault and Fiat-Chrysler.
Source: eNCA - 🏆 49. / 51 Read more »

European shares lift after merger talks between Renault and FiatThe pan-European Stoxx 600 rose 0.23% on Tuesday morning, with all major European indices in the black
Source: BDliveSA - 🏆 12. / 63 Read more »

Fiat Chrysler and Renault are set for merger to form global giantThe transaction will be structured as a 50-50 ownership through a Dutch holding company and will not entail plant closures
Source: BDliveSA - 🏆 12. / 63 Read more »