According to a London referendum, Renault would resume the merger negotiations with Nissan within one year and then consider making a bid to the Fiat Chrysler Italian-American car manufacturer.
If the Financial Times newspaper in London, published on Wednesday, turns out to be true, it means returning to a strategy backed by a former head of the automotive alliance with Carlos Ghosn, Nissan, Renault and Mitsubishi. Ghosn had been negotiating a merger between Renault and Fiat two or three years ago, but this was not supported by the French Government.
Carlos Ghosnt was arrested in Japan on 19 November last year and placed in custody for financial misconduct. Nissan and Mitsubishi subsequently dismissed the CEO from all positions within days, while Carlos Ghosn, President and CEO of Renault, was released on 23 January, opening the way for the appointment of new executives.
Within the French-Japanese Automotive Association, the steering of the partnership was taken over two weeks by a board of Renault, Nissan and Mitsubishi. It is headed by the president of Renault, Jean-Dominique Senard, and its members are CEOs of Renault, Nissan and Mitsubishi, Thierry Bolloré, Hiroto Saikawa and Osamu Masuko. Creating a new leadership structure has boosted confidence, so Renault and Nissan can reopen the merger plans, the paper said.
Renault is chasing open doors at Fiat Chrysler, as the Italian-American car factory is negotiating with rival companies, considering establishing partnerships or merging.
Renault, Nissan, and Fiat Chrysler have not commented on the British newsletter. As a result of the news, Renault and Fiat Chrysler share prices rose: Renault stood at 2.71 percent at 11 am in Paris and 2.75 percent at Fiat Chrysler in Rome.
(Source: vezess.hu / photo: pixabay.com)