Nissan wants Renault to reduce stake to revive Renault-FCA merger talk

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Nissan wants Renault to reduce stake to revive Renault-FCA merger talk

86-years-old, grief-sickened Japanese carmaker Nissan Motor Co., headquartered in Yokohama, Kanagawa Prefecture, and its French alliance partner Renault SA had been vying to vent out a reform aimed at reshaping their global alliance over the past nine months followed by arrest and dismissal of former alliance boss and Nissan Chair, Carlos Ghosn, a Brazil-borne French Citizen.

Meanwhile, the Japanese carmaker recently urged Renault to reduce its 43.4 percent stake in Nissan as a condition to gain its support for a Renault-Fiat Chrysler merger deal, negotiations of which had broken off last month after Nissan Motor Co.

had rejected to sign up for a potential Renault-FCA tie-up what could have created the second-largest automotive entity in the world, a Wall Street Journal report published on Friday, the 2nd of August 2019, had revealed citing emails seen by one of its reporters.

Nonetheless, according to Wall Street Journal’s Friday’s (August 2nd) report, latest discussion between Nissan and Renault had been at an early stage, which started off shortly after talks of Renault-FCA tie-up had broken up.

Aside from that, according to the emailed documents seen by a Wall Street Journal’s reporter, a memorandum of understanding between two terrible alliance partners could be reached as early as by September this year, Friday’s (August 2nd) Wall St. Journal report revealed.