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"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.
The merger talks come at a precarious time for Nissan, which has been grappling with falling profits and decreased sales this year. Last month, Nissan cut 9,000 jobs globally in a bid to reduce costs.
TOKYO (Reuters) -Honda and Nissan have started talks toward a potential merger, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now ...
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 ...
Honda and Nissan are discussing a possible merger, potentially bringing together two Japanese automaking titans that have recently fallen on hard times. The companies said in statement that they ...
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.
The first CMF-A car, the Renault Kwid, was launched into the Indian market in September 2015. [2] [8] [9] The platform currently also supports electric powertrain, for the Renault City K-ZE and its rebadged models. Vehicles using platform (calendar years): Renault Kwid (2015–present) [8] Datsun redi-GO (2016–2022) [10]