Nissan is opposing renewed efforts by alliance partner Renault to merge under a holding company because such a structure won’t help turn the Japanese carmaker around, a person with knowledge of the discussions said.
Talks have been ongoing since Renault Chairman Jean-Dominique Senard first made an informal proposal to Nissan Chief Executive Officer Hiroto Saikawa in April, the person said, asking not to be identified because the discussions aren’t public. Nissan rebuffed the idea then and has continued to oppose it, the person said.
According to Bloomberg the merger proposal came after the most tumultuous few months in the companies’ two-decade partnership, which was shaken by the shock arrest of the alliance’s chief architect and former chairman, Carlos Ghosn.
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