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Tag Archives: Renault

Nissan pours cold water in the hope of a quick fix to the Renault load

YOKOHAMA, Japan (Reuters) – Nissan Motor threw cold water on Tuesday hoping to quickly resolve its tense relationship with French Renault SA, saying the inequality between partners could dissolve their two-decade-old alliance in automotive manufacturing. FILE PHOTO: Nissan President and CEO Hiroto Saikawa attends a press conference at Headquarters in Yokohama, Japan on December 17, 2018. REUTERS / Kim Kyung-Hoon …

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Nissan is considering assigning Renault some seats on supervisory boards

🔊 Listen to article TOKYO: Nissan Motor Co is considering assigning some seats to its alliance partner Renault SA on planned oversight committees after the French automaker expressed its dissatisfaction with the planned corporate governance reform. ] The two-decade-old partnership between Nissan and Renault entered a crisis earlier this week when the French automaker's demand for greater voice for Nissan's …

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FCA Renault Deal Hopes for Help for European Stocks By Reuters

© Reuters. The German Stock Price Index DAX Chart on the Frankfurt Stock Exchange By Amy Caren Daniel and Agamoni Ghosh (Reuters) – Strong Chinese export data and the agreement between the US and Mexico to avoid new import duties bolstered sentiment at European level stock markets on Monday while auto companies' shares also picked up on signs of revival …

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Exclusive: FCA Renault revival may depend on Nissan cuts – sources

PARIS (Reuters) – Fiat Chrysler Automobiles NV and Renault SA are looking for ways to revive their collapsed merger plan and get approval from the alliance partner of French car maker Nissan Motor Co Ltd. FILE PHOTO: Renault and Fiat car manufacturers' logos to be seen in Nice, France, on June 3, 2019 In return for supporting a FCA Renault …

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Renault informs Nissan that the overhaul of governance is being blocked

Renault has told Nissan that it will block the Japanese company's plan to revise its difficult corporate governance, further fueling the strained relationship between the two alliance partners. The decision was announced in a letter by Jean-Dominique Senard, the chairman of Renault, Hiroto Saikawa, managing director of Nissan, on Saturday – marks an abrupt reversal of politics and threatens to …

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Fiat Chrysler lost Renault. It must quickly find another fusion partner

The logic behind the merger, however, remains valid, as the French carmaker explained in a statement about the failure of the deal. "We see the opportunity as up-to-date, with convincing industrial logic and great financial benefits, and what would lead to a European-based global automotive company," said Renault ( RNLSY ) . Fiat Chrysler has no time to mourn what …

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Fiat Chrysler breaks off after close negotiations with the French government from the merger with Renault

Fiat Chrysler withdrew its merger offer with Renault SA on Wednesday evening, after negotiations with the French government had collapsed, according to sources familiar with the discussion. The Italian-American company originally proposed the merger as the two companies complement each other. Fiat has best-selling brands such as Jeep and Ram, while Renault has driven the production of emission-free and self-driving …

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Fiat Chrysler retires planned merger with Renault

The company announced on Wednesday that "it has become clear that the political conditions in France are currently not there for such a combination to succeed". Earlier that day, Renault said the French government had asked its board to postpone the vote on the merger. France, which owns 15% of Renault, previously stated that it would support a merger if …

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Fiat Chrysler retires planned merger with Renault

The company announced on Wednesday that "it has become clear that the political conditions in France are currently not there for such a combination to succeed". Earlier that day, Renault said the French government had asked its board to postpone the vote on the merger. France, which owns 15% of Renault, previously stated that it would support a merger if …

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