The Renault-Nissan-Mitsubishi Alliance is working on improving corporate affairs however Renault wants more. It’s seeking to merge with Nissan and possibly do the same with FCA.
The kerfuffle surrounding Carlos Ghosn late last year created a situation where many had doubts about the viability of the Renault-Nissan-Mitsubishi Alliance, or at the very least, wonder if it had a real future.
Said future seems to be in mergers, at least this is what was reported by the financial times after meeting with Renault chairman Jean-Dominique Senard, leader of the revamped alliance board. The intent is to solidify the relationship in order to move forward with a new strategic plan before the year’s end.
The Alliance had huge targets set for themselves including expanding combined sales to 14 million vehicles by 2022 and in the process, achieve €10 billion in combined savings by the same time through various synergies. These targets have now been set aside in order to concentrate on the present.
According to Senard, the present will involve reopening merger talks with Nissan. Not so long ago, Ghosn attempted to develop a relationship between the companies that would become irreversible but that failed.
While all of this is happening, Renault and Senard also have FCA on their mind but as we know, FCA has actively looked for a partner in the recent past – the sales pitch should be simpler. First though, the Alliance needs to get its house in order.