Japan: Nissan board nominees not broaching merger issue

Nissan Motors is not considering the possibility of a merger with top shareholder Renault at the moment, and none of the nominees to the Japanese automaker’s board are pressing to make it an issue now, reported Reuters.

As Nissan ponders its future without former chairman Carlos Ghosn, who orchestrated its financial rescue two decades ago, French partner Renault has been quietly maneuvering for merger talks, sources at both automakers have previously told Reuters.

France’s government has also weighed in, stating on Wednesday, May 22, that the status quo was weakening the alliance and could not continue.

But given Nissan’s current focus on improving corporate governance and recovering from a run of poor results, Keiko Ihara, who has been overseeing efforts to overhaul governance, told Reuters in an interview that the issue of a merger was not on the table at the moment.

Full Content: Reuters

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