Companies Renault and Nissan will not merge into a single corporation

Companies Renault and Nissan will not merge into a single corporation

July 1, 2018 0 By autotimesnews

Chief executive of the largest alliance Renault-Nissan Carlos Gos officially announced the impossibility of a merger of the French and Japanese concern. And he completely refuted the previously spread information on the network.

The French-Japanese alliance Renault-Nissan-Mitsubishi is the largest automaker in the world, completely overtaking Volkswagen, General Motors and other holdings. And within the alliance, Renault owns a 46 percent stake in Nissan, which in turn bought a 15 percent stake in Renault and 34 percent of Mitsubishi.

As noted by the head of this alliance – Carlos Gos – mergers are not expected in the foreseeable future, but if Nissan or Mitsubishi wish to become a subsidiary of Renault, the French concern will not mind. The same words were confirmed by the head of the Japanese concern Hiroto Saikawa, saying that the merger was not even discussed. This was reported by the publication of the Daily-Cars, citing its own sources.

Separately, it was noted that the cooperation of companies will continue in the usual way (it started back in 1999). In the opinion of the Gon itself – this allows companies to occupy a leading position in the world market, as well as actively develop and put into operation new technologies.

And within the alliance each company (Renault, Nissan, Mitsubishi) remains a separate enterprise, but working in close cooperation with other companies. This greatly distinguishes the French-Japanese alliance from the usual corporate scheme in which the parent company alone manages subsidiaries.

If the alliance is the largest enterprise, then separately, Nissan ranks sixth, and Renault is the ninth in the world among automakers.