Nissan odd man out in partner Renault’s FCA merger decision

National Business

Nissan odd man out in partner Renault’s FCA merger decision

The Associated Press

June 04, 2019 03:33 AM

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FILE – In this March 12, 2019, photo, Renault Chairman Jean-Dominique Senard, left, and Nissan CEO Hiroto Saikawa speak at the start of a joint press conference following a board meeting at the Nissan headquarters in Yokohama, near Tokyo. Japanese automaker Nissan wasn’t consulted about a proposed merger between its French alliance partner Renault and Fiat Chrysler and has little say over the issue. Partnering with a colossal Renault-Fiat Chrysler could help Nissan slash costs on shared components and research.


Eugene Hoshiko, File

AP Photo


TOKYO

Japanese automaker Nissan wasn’t consulted about a proposed merger between its French alliance partner Renault and Fiat Chrysler and has little say over the issue.

Renault’s board is set to meet Tuesday to vote on the proposed merger, which would create the world’s third-biggest automaker, trailing only Volkswagen AG and Toyota Motor Corp.

Partnering with a colossal Renault-Fiat Chrysler could help Nissan slash costs on shared components and research. But analysts say it could be an unwieldy alliance where Nissan would have even less influence than it’s had with Renault.

Nissan’s position has weakened following the arrest in November for alleged financial misconduct of its former chairman, Carlos Ghosn, the star executive credited with leading Renault’s rescue of Nissan from near bankruptcy 20 years ago.

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