A PYMNTS Company

France: Gov presses Japan to accept Renault-Nissan merger

By  |  January 20, 2019

The French government has asked Japan to accept a possible merger between Renault SA and Nissan Motor following the arrest of Carlos Ghosn, who had managed the alliance of the carmakers, sources close to the matter said Sunday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The request, apparently aimed at bringing the two automakers under the wing of a new holding company, was made at talks between French and Japanese officials in Tokyo, and reflects French President Emmanuel Macron’s wishes, the sources said.

    A delegation including Martin Vial, a Renault director designated by the French government, visited Japanese officials to discuss the plans.

    The French government is the biggest stakeholder in Renault. In 2015, the French government agreed with Nissan and Renault that it would not interfere in the Japanese automaker’s management.

    Full Content: Japan Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.