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Renault-Nissan merger unlikely before 2020, CEO Carlos Ghosn says

Speaking at a Bloomberg conference, Ghosn reiterated that the carmakers were examining ways to consolidate the Renault-Nissan-Mitsubishi alliance and assuage doubts about its survival.

Published: 23rd May 2018 02:57 PM  |   Last Updated: 23rd May 2018 02:57 PM   |  A+A-

Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance. (File | Reuters)

By UNI

PARIS: Renault and Nissan are reviewing the ownership structure of their carmaking alliance but are unlikely to merge into a single listed entity this year or next, Chief Executive Carlos Ghosn said on Wednesday.

Speaking at a Bloomberg conference, Ghosn reiterated that the carmakers were examining ways to consolidate the Renault-Nissan-Mitsubishi alliance and assuage doubts about its survival after his eventual departure.

Renault currently owns 43.4 percent of Nissan, which controls Mitsubishi Motors.

Asked whether this could transform the carmakers into a single listed entity in 2018 or 2019, however, Ghosn answered: "I don't think so."

Reuters reported in March that Renault and Nissan were discussing a deeper tie-up.



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