Carlos Ghosn's future plans for Renault and Nissan could create a single company
Carlos Ghosn confirmed for the first time that Renault and Nissan Motor review the capital structure of their two-decade alliance and report to the Japanese Nikkei newspaper that he is open to all options as the automakers explore deeper connections.
Ghosn, who is chairman of both automakers, said in an interview that he wants to find a solution by 2022.
Bloomberg News reported in March that Nissan and Renault met in talks under a single stock to position automakers for major changes in the auto industry.
The CEO was quoted by Nikkei as He said he would not throw away any option and would not prioritize any, though some are more likely than others, because of what he called sensitivity.
A Nissan official confirmed Ghosn's remarks to Bloomberg News.
Renault owns 43 percent of Nissan, while the Japanese company holds a 15 percent stake in its French counterpart. While there is much to gain by uniting them, obstacles remain. The French government is the largest shareholder of Renault, while Japan holds a significant stake in Nissan. Ghosn is driving the negotiations and will lead the combined company, Bloomberg News reported in March.
The smithy of a single company from the French and Japanese brands would bring a growing trend towards consolidation in the global auto industry, which is struggling with unprecedented steps. Shifting to electric and shared cars
Chinese businessman Li Shufu Volvo Cars owns and has just bought the largest stake in Daimler, wrote on Sunday an editorial in a German newspaper in which he asked manufacturers to increase the use of the shared platforms.
Meanwhile, the long-term boss of Fiat Chrysler Automobiles Sergio Marchionne's pending exit is expected to open the automaker up to possible mergers .
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