Renault spoke about the merger of Honda and Nissan
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Renault spoke cautiously
Renault made a statement on the subject and said that it was evaluating all options and will prioritize what is best for its shareholders announced.
“Group Renault acknowledges today’s announcements by Nissan and Honda, which are still at an early stage. As the major shareholder of Nissan, Group Renault will consider all options in the best interests of the group and its stakeholders. The Group will continue to implement the Group Renault strategy and projects already initiated within the alliance will also be implemented.” continues to implement projects that create value for the group, including
The statement doesn’t tell us much about the future of the Renault-Nissan-Mitsubishi alliance. However, former Nissan and Renault boss Carlos Ghosn told Bloomberg earlier this week. Renault will likely seek to maximize the value of its stake in Nissan he suggested.
Nissan’s share prices have fallen heavily this year, so it would make sense for Renault to back the deal if it believes it could benefit Nissan’s share price. Ghosn buys Renault stake in Nissan without any doubt He might be willing to sell to Honda. he stated.
“Japanese government forced Honda to merge”
Ghosn also made an interesting statement about how the possible merger came about. Honda was initially not keen on merging with Nissan. However, this decision was made by the Ministry of Economy, Trade and Industry of Japan (METI). may have been forced he claimed.
Ghosn, “Having lived in Japan for many years, I understand how effective METI can be. In my opinion, This agreement has no industrial logicbut at some point you have to make a choice between performance and control. Of course this is better to have both if possible. But there are moments when you have to make choices, and considering METI and what I know about it, I can definitely say that they prefer control over performance. Because, They undoubtedly forced Honda into this agreement.“
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