Deals
Renault Makes Headway in Selling Benefits of Fiat Deal to Nissan
- Chairman went to Tokyo to explain merger to Nissan, Mitsubishi
- Alliance partners say deal would bring potential opportunities
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Renault SA Chairman Jean-Dominique Senard arrived in Tokyo with a crucial mission: to sell the proposed merger between Fiat Chrysler Automobiles NV and Renault SA to longtime partner Nissan Motor Co.
There are signs he made some progress Wednesday at a meeting of the board overseeing the alliance between Nissan, Renault and Mitsubishi Motors Corp. Speaking to reporters after the gathering, Nissan Chief Executive Officer Hiroto Saikawa said he sees potential opportunities for the alliance in Fiat Chrysler’s merger proposal, though he plans to study the matter further.