Deals
Carlos Ghosn Wants a Full-Fledged Renault-Nissan Union
- A full merger of the automakers could be the CEO’s final act
- ‘He needs something that’s a bit more flyable’ before retiring
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Carlos Ghosn has revived two troubled automakers and he’s in the midst of doing so with a third. Now, he’s poised to undertake what might well be his final act: A full merger of Renault SA and Nissan Motor Co. after almost two decades of cooperation under a complex cross-shareholding alliance.
The globetrotting auto-industry superstar, once nicknamed “Le Cost Killer,” wants to combine the two companies into a single corporation, according to people with knowledge of the matter. The aim is to trim expenses and bulk up enough to survive the industry’s transition to cleaner and greener vehicles--and ensure that the alliance lives on when the 64-year-old retires.