Nissan is not against the merger of Renault with FCA

Nissan is not against the merger of Renault with FCA

May 31, 2019 0 By autotimesnews

However, the Japanese company notes that first it will be necessary to “work out a lot of details.”

It became known that the leadership of Nissan learned about the negotiations on the merger of Renault and Fiat-Chrysler Automobiles (FCA) just a few days before they became available to the public. The fact that the company was excluded from important negotiations, although Nissan owns a 43.4% stake in Renault, indicates tensions within the alliance.

Nevertheless, as the representative of the Nissan told the Japanese newspaper Nikkei, “we are not against the merger.” He also added that the company will give a final decision only after all the details and possible consequences have been studied. However, even if Nissan comes out against it, it will not prevent Renault from merging with FCA.

Officially, the French company is studying a proposal to merge, however, as reported, the proposal has already been approved. It is expected that the board of directors of Renault will announce its decision next week.

Nissan and Mitsubishi will not be included in the new company, but they will be invited to participate in joint projects. Renault, Nissan, Mitsubishi and Dacia already have common production facilities, engines, transmissions and automotive platforms.