Renault head says merger with Fiat could strengthen Nissan alliance

Renault Chairman Jean-Dominique Senard speaks during a press conference at Nissan’s headquarters in Yokohama, near Tokyo, Japan, Mar 12, 2019. EPA-EFE FILE

TOKYO.- The chairman of France’s Renault Thursday said that a possible merger of his company with the Fiat Chrysler consortium could further strengthen the Renault-Nissan-Mitsubishi alliance of which he is also the CEO.

Jean-Dominique Senard arrived in Tokyo Wednesday to participate in a meeting of the alliance that was forged 20 years ago and whose executives meet periodically to review their association.

The meeting took place days after Fiat Chrysler Automobiles (FCA) sent a proposal to Renault to negotiate a possible merger in order to create a partnership with the capital divided equally between the two firms.

Renault is also the largest shareholder in Nissan with 43 percent.

«We have to really recognize that the beauty of this big picture is that the alliance is going to become a very strong body in the automotive world, probably unique in the world. This is the sort of message I wanted to convey to my colleagues and friends from Nissan and Mitsubishi,» said Senard in an interview with the Japanese public television network NHK.

Wednesday’s meeting allowed Renault and the two Japanese companies to hold a transparent and open discussion on the FCA proposal, according to an official statement.

In his statements, Senard said that a merger between Renault and FCA would be mutually beneficial.

He also stressed that Renault’s relationship with Nissan and Mitsubishi – which is controlled by Nissan – is «absolutely essential. It has now reached such a stage that we are close to maturity. We can do better, we could do even better, that’s for sure. But the path is set.»

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