One of the world's largest car-making pacts could become even larger. Renault is reportedly planning to merge with Nissan, then buy Fiat-Chrysler.
French carmaker Renault is keen to restart its merger plans with Nissan, then buy another firm, the Financial TimesRenault and Japanese automaker Nissan already have an alliance alongside Mitsubishi. A merger was a long standing plan of embattled former CEO Carlos Ghosn.
Fiat-Chrysler is said to be keen on a potential merger or partnership and has been in contact with other rivals in the past.French automaker Renault is planning to restart merger talks with Japanese carmaker Nissan in the next 12 months, to the Financial Times, citing people familiar with the matter. The merged company may then buy another auto firm, the FT said, with Fiat-Chrysler"among the preferred targets."Fiat-Chrysler has a market capitalization of about €21 billion . Combined, Renault, Nissan and Mitsubishi, have a value of more than €50 billion, the FT said.A Renault-Nissan merger was partly the brainchild of former executive at the automakers, Carlos Ghosn.
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