Japanese Meddling Played A Role In Collapse Of FCA And Renault Merger Deal

The Japanese government played a role in the breakdown of merger talks between Renault SA and Fiat Chrysler Automobiles NV earlier this month, weighing in with concerns the combination could harm Nissan Motor Co., people familiar with the matter said.

Japan signaled its misgivings over the deal to the French government, said the people, asking not to be identified speaking about the negotiations. France -- Renault’s most powerful shareholder -- then sought a pause in the talks for more time to win Nissan’s support, provoking Fiat to withdraw its offer.

PUGPROUD - 6/21/2019 4:28:58 PM

+1 Boost

Enough blame to go around for all parties to this failed transaction.

MDarringer - 6/21/2019 4:43:59 PM

+2 Boost

Nope. France blew it. This is just damage control and BS.

CANADIANCOMMENTS - 6/21/2019 4:49:49 PM

+1 Boost

Being "provoked" is a choice. You stay at the table and do a deal or you walk away complaining about an issue that you created yourself. Smart.

MDarringer - 6/21/2019 8:30:14 PM

+2 Boost

Renault and the French created the problem and FCA walked away.

Foncool - 6/22/2019 6:24:43 AM

-1 Boost

The fact the Japanese arrested and are still holding the French Chairman of Renault is something that had absolutely no consideration on how the situation evolved.

MDarringer - 6/22/2019 9:31:12 AM

0 Boost

The fact remains that merging with a European automaker is not the wisest move for anyone.

vdiv - 6/22/2019 10:32:22 AM

+1 Boost

#FreeCarlosGhosn

Truthy - 6/22/2019 11:19:23 AM

+1 Boost

Why hate the French? Ever visited France?

qwertyfla1 - 6/22/2019 7:49:36 PM

0 Boost

France is a shit hole country whom tells their Jewish citizens to be less Jewish and less visible to the hordes of Islamic terrorists that reside there. The one thing the French do better than anyone else and its not food or vino but rather RETREAT from battle and wait for the allied forces to bail there coward asses out. Screw France and Quebec too!

MDarringer - 6/22/2019 9:42:24 PM

0 Boost

I have been the France and it was HORRIBLE. The UK is far better.

This: "France is a shit hole country whom tells their Jewish citizens to be less Jewish and less visible to the hordes of Islamic terrorists that reside there." is 10,000% true.

Foncool - 6/23/2019 7:09:21 AM

0 Boost

Been to France a number of time and probably will be going and in the fall. Been to the U.K. a number of times as well, prefer Italy by far.