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On 12 December 2012, the Renault–Nissan Alliance became the long-term controlling shareholder of AvtoVAZ, Russia's largest car company and owner of the country's biggest selling brand, Lada. [120] According to the terms of the deal, Renault–Nissan is investing 23₽ billion (US$742 million) for 67.13% of the joint venture by mid-2014.
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic ...
"On principle, Renault Group supports Nissan's efforts to restore business situation," a spokesperson for the French automaker said on Wednesday, but declined to comment on the current merger talks.
Nissan has long resisted Renault's proposals for a full-blown merger as executives felt the French carmaker was not paying its fair share for the engineering work it did in Japan, sowing discord ...
The Honda-Nissan tie-up could lead to even more mergers in the industry in the future, said Adam Jonas, auto analyst with Morgan Stanley, in a note last week, when news of the talks emerged.
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Nissan Motor Co. wasn't consulted in advance about the proposed merger announced last week, which would create the world's third-biggest automaker, trailing only Volkswagen AG and Toyota Motor Corp.
News of a possible merger surfaced earlier this month, with unconfirmed reports saying Taiwan iPhone maker Foxconn was seeking to tie up with Nissan by buying shares from the Japan's company's ...