RENAULT, NISSAN, MITSUBISHI COULD FULLY MERGE

Just over a year ago Carlos Ghosn gave up the CEO position of Nissan but retained the title at Renault. It was seen as the beginning of his move towards retirement. But later he took up another CEO mantel at Mitsubishi Motors when his alliance took over that company. And now it appears he might consolidate everything under one roof.

 

A report by Bloomberg suggests that Ghosn (63) is working on a plan to merge all of his companies into a mega one, with multiple brands. Currently Nissan owns 15% of Renault and Renault owns 45% of Nissan, while Mitsubishi is also part of the trio as an alliance member. A merger would mean all of them become a single company producing multiple brands like Renault, Alpine, Nissan, Infiniti, Datsun, Mitsubishi and Dacia among others. It would also create the second-biggest automotive company in the world in terms of sales, after the Volkswagen Group. The German behemoth moved 10.7 million vehicles in 2017.

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