Renault mulling “all options” re: Nissan-Honda merger

Renault mulling “all options” re: Nissan-Honda merger

Renault has cautiously weighed in on the Nissan-Honda merger announcement, saying it “will consider all options based on the best interest of the Group and its stakeholders.”

The French carmaker said in a December 23 statement that it acknowledged the announcements made by Nissan and Honda, “which are still at an early stage”, and will continue to “execute its strategy and to roll-out projects that create value for the Group, including projects already launched within the Alliance.”

Renault owns 17% of Nissan and 18.7% via a French trust, making it Nissan’s top shareholder (35.7%). Three days ago, Nissan and Honda signed a memorandum of understanding (MoU) to explore a merger, widely seen as a pool-resources move to stand up better to Chinese competition as well as save the ailing Nissan.

The two companies aim to finalise the terms of the merger (including the share transfer plan) by June, while Mitsubishi aims to decide by the end of next month whether to join to make it a threesome. Nissan currently owns 24% of Mitsubishi.

Looking to sell your car? Sell it with Carro.

10% discount when you renew your car insurance

Compare prices between different insurer providers and use the promo code 'PAULTAN10' when you make your payment to save the most on your car insurance renewal compared to other competing services.

Car Insurance

Jonathan James Tan

While most dream of the future, Jonathan Tan dreams of the past, although he's never been there. Fantasises much too often about cruising down Treacher Road (Jalan Sultan Ismail) in a Triumph Stag that actually works, and hopes this stint here will snap him back to present reality.

 

Comments

 

Add a comment

required

required