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Japan: Nissan CEO is OK with FCA-Renault merger

 |  May 29, 2019

According to Reuters, Nissan sees no major downside to partnering with a combined Renault and Fiat Chrysler (FCA), it stated on Wednesday, May 29, in a lukewarm endorsement of the proposed US$35 billion tie-up.

The leaders of Nissan Motors, France’s Renault, and junior partner Mitsubishi Motors gathered at Nissan’s headquarters in Yokohama for a scheduled alliance meeting which was overshadowed by FCA’s proposal this week for a merger-of-equals with Renault.

Renault Chairman Jean-Dominique Senard arrived in Japan on Tuesday to discuss with Nissan the FCA-led proposal to create the world’s third-largest automaker. The plan raises difficult questions about how Nissan, which is 43.4% owned by the French automaker, would fit into a radically changed alliance.

“Overall, we don’t see any particularly negative aspect” to the planned merger, which was for Renault and FCA to decide, Nissan Chief Executive Hiroto Saikawa told reporters on Wednesday.

Full Content: Reuters

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