Renault can unite with the company Nissan and concern FCA

Renault can unite with the company Nissan and concern FCA

March 28, 2019 0 By autotimesnews

The result of this transaction will be a powerful automobile company, which can be compared to such market giants as Toyota and Volkswagen Group.

Partnerships between global automakers seem to be very popular lately, be it mutually beneficial cooperation in technology development or a full-scale merger. The foreign edition of Automotive News Europe reports that the management of the Renault and Nissan companies, as well as the Italian-American concern Fiat Chrysler Automobiles, are considering the possibility of merging.

Journalists, in turn, refer to the authoritative financial publication Financial Times, which quoted the words of official representatives of the parties.

  There is nothing new in the alliance between Nissan and Renault. It was said that the former director general of Nissan, Carlos Ghosn, was going to organize the union almost a year ago, after he had told about the plan to make the merger “irreversible” in February 2018. Currently, both companies are already linked – Nissan owns 15% of Renault, while the French company has 43% of Nissan. At the moment, a merger seems inevitable, although legal issues — in particular, approval from both the Japanese and French governments — can slow down the process.

  It is also assumed that the Italian-American concern FCA may also enter this automotive alliance. Earlier, Sergio Marchionne, the former CEO of the concern, spoke about a possible merger. The publication reports that the Renault-Nissan alliance seeks to acquire FCA, eventually creating a corporation with enough influence to compete with such large companies as Toyota and Volkswagen.