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EU: Renault-Nissan merger might not happen

By  |  July 2, 2018
EU: Renault-Nissan merger might not happen

We had earlier reported that the the Renault-Nissan merger might not happen till 2020. However, according to a report in Reuters, Renault absorbing Nissan and Mitsubishi is not an option as the carmakers look to strengthen their partnership while retaining their autonomy.

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    The statement comes directly from alliance chairman Carlos Ghosn. At a recent shareholders meeting with Mitsubishi, Ghosn said, “Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has zero chance of getting a result.”

    In March this year, Ghosn revealed the company’s plan to share technology, resources, man-power and direct these towards research on new-energy vehicles, autonomous driving and car-sharing services. Ghosn had also announced the alliances plan to double their synergies to €10 billion by 2022.

    Full Content: Motor1

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