Rumour: Nissan, Renault to merge into single company

30 Марта, 2018, 00:39 | Author: Sheri Evans
  • A merger could create a new auto giant

Japanese vehicle giant Nissan Motor and French automaker Renault are reportedly in talks to merge after working as a strategic alliance for nearly two decades.

The companies, which have shared engines and chassis designs, have the same chairman - former Nissan chief executive Carlos Ghosn.

"There is nothing new, we still see lots of interest in the alliance, but people are writing more about this topic because (French President Emmanuel) Macron is pushing for the privatisation of several companies", said a source close to Nissan on condition of anonymity. Nissan shareholders would also receive shares in the new company in exchange for their holdings, they said. The automaker might maintain its headquarter in France as well as Japan. Nissan shares had shed 0.5 percent to 1,094.50 yen in a market up 0.6 percent overall. The French government owns 15% of Renault and may be reluctant to relinquish control over its stake or have its position watered down.

In an interview with AFP earlier this year, Ghosn said the French carmaker is keeping all options open regarding its alliance with Nissan and Mitsubishi, another Japanese carmaker in which Nissan holds a stake.

Читайте также: California sues Trump administration over citizenship query

Representatives for the alliance and for Nissan declined to comment Thursday.

Reuters reported earlier this month that Nissan was in talks to buy the bulk of the French government's stake in Renault, citing unidentified people. Both the automotive giants are eager to enter into a contract in which the stakeholders of Renault will be provided with the share of the newly merged firm. While the alliance of Renault and Nissan has brought savings, their ownership structure differs and this limits the companies from reaping full benefits from their alliance.

"They decide to be here or to get out", he said.

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