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Nissan CEO Sees "No Major Negative" to FCA-Renault Merger

Nissan CEO Sees "No Major Negative" to FCA-Renault Merger

Nissan Motors says it sees no major negative to a potential merger between Fiat Chrysler Automobiles and its current alliance partner Groupe Renault. The Japanese automakers sentiments toward the merger are considered critical to the possibility of it happening.

Leadership teams from Renault and third alliance partner Mitsubishi met at Nissan’s headquarters in Japan earlier this week to discuss the merger proposal set fourth by Fiat Chrysler. Given Nissan owns 15 percent of Groupe Renault, its buy-in is key to allowing conversations between the two automakers to continue.

Subsequently, Renault owns 43.4 percent of Nissan, meaning a merger between FCA and Renault ultimately makes Nissan the awkward third wheel of the relationship.

“Overall, we don’t see any particularly negative aspect” to the planned merger, which was for Renault and FCA to decide, Nissan Chief Executive Hiroto Saikawa told reporters on Wednesday in a Reuters report.

All members of the Renault-Nissan-Mitsubishi have confirmed they had a transparent, open discussion about the proposed merger this week. The public statement comes admit speculation that both Japanese alliance partners were blindsided by the discussions between FCA and Renault.

The alliance has already been strained in recent months, including failed talks between Renault and Nissan to merge.

 





 

About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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