Deals
Nissan Tied to Renault-Fiat Faces Less Independent Future
- European automakers announce ‘transformative merger’
- Nissan merger talks on hold for now, but pressure mounts
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Nissan Motor Co. is about to find itself chained to a much bigger gorilla as Renault SA and Fiat Chrysler Automobiles NV proceed with a plan to forge closer ties. The Japanese carmaker doesn’t like it, but may not have much of a choice.
Fiat Chrysler announced a proposed merger with Renault, Nissan’s partner of two decades, on Monday that could create the world’s third-biggest automaker. While the pair isn’t seeking a merger with Nissan for now, the companies plan to eventually invite Nissan and Mitsubishi Motors Corp., Renault’s existing global alliance partners, to join forces, people familiar with the matter said.