Renault & Nissan to consider restructuring for Fiat Chrysler merger
Category: #headlines  By Pranali Mehta  Date: 2019-08-06
  • share
  • Twitter
  • Facebook
  • LinkedIn
Renault & Nissan to consider restructuring for Fiat Chrysler merger

The car makers are reportedly planning to reframe their partnership to build up new negotiations with Fiat Chrysler.

French car-maker Renault SA and the Japanese constructor Nissan Motor Company are reportedly considering implementing changes to their alliance with a motive to revive unification negotiations with the Italian-American automaker Fiat Chrysler.

As per authentic sources, the negotiations for an alliance between Renault & Fiat Chrysler (FCA) was brought down in June, with Renault's chairperson blaming the French government for blocking a vote on the deal which would have made headlines in the automotive domain and formed the world's third-largest car-maker.

However, it has been claimed that the French government has refused to the allegations. Meanwhile Nissan has marked its association with Renault as unequal and said Renault had kept its Japanese wing unaware about its merger plans with FCA.

According to the sources familiar with matter, Nissan has asked Renault to consider reducing its 43% stake in the Japanese automaker. Reportedly, Nissan controls over 15% of the stake and bears no voting rights in Renault, which is also partly owned by the French government.

As per sources, an equalizing relationship would help simplify some of the arguments between the two companies and alleviate Nissan's unwillingness to back the merger with FCA. Also, a draft contract on rebuilding the relationship is expected to be disclosed as early as September.

Emmanuel Macron, the French President earlier in June was reportedly quoted stating that he would not be considering any changes to Renaults’ and Nissans’ negotiation structure.

For the record, headquartered in France, Renault is a French multinational automobile manufacturer which holds its specialisation in producing a broad spectrum of cars and vans since 1899.

Fiat Chrysler Automobiles headquartered in London, UK, is an Italian-American multinational corporation and is considered to be the world's 8th largest automaker. It designs and manufactures vast range of passenger cars, Light Commercial Vehicles and production equipments.

Source credit: https://uk.news.yahoo.com/renault-nissan-rev-preparations-fiat-071843599.html?guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAIEd4sl6F0WjovXjcVSu5Eu99wsa8Lg6fLYm7fWz3yuOwSBauEo4W5ps4zEJN9QuvHGybziqETyMBRuwMfPL6f9uneguEcdw-ne5v5l6nUr1OZZu9LdnmEVlzsSbBOLoU5_vZfFOXPfy33BNIIH8zRcXGesP71bOCBUR3zksoDO7&_guc_consent_skip=1564991398

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

Read More >>

More News By Pranali Mehta

Octopus Renewables acquires 16.8MW capacity onshore wind farms in UK
Octopus Renewables acquires 16.8MW capacity onshore wind farms in UK
By Pranali Mehta

Renewable energy sources have the potential to become a feasible solution to the long-standing environmental as well as energy challenges faced by numerous nations. Having understood their significant benefits over conventional power sources, energy ...

Fujitsu invents world’s first AI tech to capture essential features
Fujitsu invents world’s first AI tech to capture essential features
By Pranali Mehta

Fujitsu Laboratories has reportedly announced that it has developed the world’s first AI technology intended to accurately capture essential features such as the probability and distribution of high-dimensional data. The technology focuses on o...

Unacademy officially purchases India-based PrepLadder for USD 50 mn
Unacademy officially purchases India-based PrepLadder for USD 50 mn
By Pranali Mehta

Unacademy, the online learning platform based out of India, has claimed that it has acquired PrepLadder for a valuation of USD 50 million. The transaction was an all cash and stock deal, and has seemingly been undertaken by the Facebook-backed edtech...