Renault Weighs Options Amidst Honda-Nissan Merger Talks

The Renault Group holds almost 36% of Nissan, but its role in the merger remains unclear. The French group said it's considering all options as talks between the Japanese brands intensify. Former Nissan and Renault boss Carlos Ghosn suggests Renault might sell its shares to Honda.

Just days after Honda, Nissan, and Mitsubishi sent the automotive world into a collective “wait, what?” moment by announcing their intention to merge into a single entity, the Renault Group—Nissan’s largest shareholder— has weighed in on the proposal to form what could become the world’s third-largest automotive conglomerate. Renault currently holds a direct 17% stake in Nissan, along with an additional 18.7% through a French trust. Despite being Nissan’s largest shareholder, there’s been no mention of Renault’s involvement in the proposed tie-up with Honda. In a statement shared online, Renault announced that it is considering all options and will prioritize what’s best for its shareholders. “Renault Group acknowledges the announcements made today by Nissan and Honda, which are still at an early stage,” it said. “As the main shareholder of Nissan, Renault Group will consider all options based on the best interest of the Group and its stakeholders. Renault Group continues to execute its strategy and to roll-out projects that create value for the Group, including projects already launched within the Alliance.” That doesn’t tell us much about what the future holds for the Renault-Nissan-Mitsubishi alliance. However, while former Nissan and Renault boss Carlos Ghosn was speaking with Bloomberg earlier this week, he suggested that Renault will likely try to maximize the value of its share in Nissan. The Japanese marque’s share price has taken a beating this year, so it would make sense for Renault to support the deal if it believes it could benefit Nissan’s share pric

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