“Nissan not Against mega fusion between Fiat Chrysler and Renault.” Japanese automaker Nissan is not against the mega fusion between car manufacturers Fiat Chrysler and Renault, according to the reports on Wednesday based on sources around Nissan.
The report comes, in response to a meeting of the Renault-Mitsubishi-Nissan alliance,
where representatives of Renault asked Nissan representatives to agree on the next step in the negotiations.
A source attending the alliance meeting said that Nissan would not “be against” a potential merger,
but that the automaker did not want to give the green light for further discussions.
“There are still many things to discuss,” the source said.
Nissan currently holds 15 percent of Renault’s shares but has not yet been involved in the merger talks.
When the four automakers (including Mitsubishi) merge, a car company is created that sells fifteen million cars annually.
A merger would lead to lower procurement costs for alliance partners Mitsubishi and Nissan,
but would also reduce the dominant position of Japanese automakers in a new alliance.
So it is not apparent that the Japanese car brands are working on a merger.
On Wednesday morning, Hiroto Saikawa, president and CEO of Nissan,
said he wanted to see the benefits for the current alliance partners in a possible merger.
“Then, I will look at the impact that a merger would have on Nissan.”