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Fiat Chrysler and Renault in talks to revive merger - report

High-level discussions are reportedly taking place between Renault and Fiat Chrysler (FCA) aimed at reviving the merger between the two companies, and gaining the approval of Nissan, Renault's alliance partner. Three sources have told Reuters John Elkann, chairman of FCA, has had talks with Jean-Dominique Senard, Renault's chairman, and Thierry Bollore, the French automaker's CEO, about bringing the proposed merger between the two companies back to life...

FCA withdraws Renault merger proposal

Fiat Chrysler Automobiles (FCA) has announced it's withdrawing its proposal to merge with Groupe Renault, in a press release issued this morning. "The Board of Fiat Chrysler Automobiles N.V., meeting this evening under the Chairmanship of John Elkann, has resolved to withdraw with immediate effect its merger proposal made to Groupe Renault," the statement said...

Nissan sees no 'negative aspect' to Renault and FCA's merger

Nissan has reportedly rebuffed plans to merge with Renault, but the Japanese automaker is unlikely to oppose the proposed merger between Fiat Chrysler (FCA) and Renault. "Overall, we don't see any particularly negative aspect," Hiroto Saikawa, Nissan CEO, told reporters (including those from Reuters) after a meeting of the Renault-Nissan-Mitsubishi Alliance board...

Renault to decide on Fiat Chrysler merger by next week - report

  Renault could respond to the "transformative merger" offer from Fiat Chrysler (FCA) as early as next week. Sources have told Reuters the Renault board won't dawdle in deciding whether to accept Fiat Chrysler's offer for a 50/50 merger worth $52.7 billion...

Fiat Chrysler in discussions with Renault, could join alliance with Nissan - report

Discussions initially focussed on Fiat Chrysler (FCA) using platforms and technologies from Renault have reportedly morphed into something more complex and wide-ranging. Multiple sources have told The Financial Times the talks between FCA and Renault are on-going, with a lot of structures and options currently being evaluated...

Mitsubishi Motors CEO to step down, replaced by chief of Indonesian unit

Osamu Masuko, CEO of Mitsubishi Motors, will step down from his role as CEO when the company meets for its annual general meeting on June 21, 2019. He will be replaced by Takao Kato, who is the president of Mitsubishi Motors Indonesia. Masuko (above) will stay with the automaker as its chairman. Both men will hold a press conference on May 20, Japan time, to discuss the change of leadership...

2016 Mitsubishi Triton recalled

Mitsubishi Motors Australia has issued a recall for the 2016 model-year Triton double cab, over concerns vehicles with pipe-style side steps could be prone to corrosion. According to the Japanese manufacturer, the rivets for the side step cover could corrode and fracture, especially "if usage involves exposure to salt or anti-freeze agent"...

Renault to offer Nissan a merger plan - report

Renault is set to propose a merger to Nissan, but the chances of success seem low at this stage. A source has outlined Renault's proposed merger plans to The Nikkei. In the proposal, a new holding company will be formed to own 100% of Renault and Nissan, with current shareholders swapping their current shares for stakes in the new company...

Carlos Ghosn charged again, but given bail

Late last week Carlos Ghosn walked out of the Tokyo Detention Centre again after posting ¥500 million ($6.3 million) in bail. Unlike his first release from jail, when he donned a construction worker's outfit as disguise, Ghosn left jail this time in a plain white button-up shirt with a dark blue jacket...

Mitsubishi Pajero Final Edition announced for Japan - UPDATE

Mitsubishi has announced the Pajero Final Edition for the Japanese market, limited to just 700 units. UPDATE, 29/4/19: Mitsubishi Australia has issued a statement regarding the Pajero's future in our market. See bottom of article for details The large off-roader will end a 37-year stint in its homeland when it's discontinued in August, though certain export markets like Australia will continue to get the long-running nameplate...

Carlos Ghosn says his arrest was part of a 'conspiracy'

Overnight, Carlos Ghosn, the former CEO and chairman of Renault and Nissan, published a seven-and-a-half-minute video stating his innocence, and claiming he was arrested as part of a "conspiracy". The video was recorded prior to Ghosn's re-arrest last week, when he was out on bail...