Renault and Nissan denied rumors of dissolution of the alliance

On January 13, rumors appeared that Renault and Nissan were breaking their relationship and would continue to work separately. Against the background of this news, shares of both brands fell dramatically. Company representatives denied the rumors.

The distributor of information was the publication Financial Times. It wrote that Nissan is developing a secret strategy for breaking off relations with a French partner. Allegedly, his credibility was undermined after Renault attempted to merge with FCA, without taking into account the wishes of Nissan.

The completion of cooperation between the companies would bring enormous losses to both parties. Predictably, this news frightened investors, and stock prices fell. For Renault, this is a 6-year minimum. Nissan and at all faced with such indicators 8,5 years ago.

Representatives of Nissan hastened to refute the rumors that appeared. The press service said that this alliance is the basis of the manufacturer’s success, and Nissan is not going to leave it.

Representatives of Renault did not stand aside. The head of the board of directors said that he was shocked that the Financial Times had released frankly untrue information, and that he did not see any prerequisites for ending cooperation with the Japanese.

Such a reaction was expected, because the share price is falling rapidly, and it is necessary to save the situation in any case. However, the fact that there is a conflict is difficult to deny. This can be seen at least by the fact that the release of new models is being delayed. For example, this affected the Mitsubishi brand, which was acquired by Nissan in 2016.

A “global” statement by company representatives is likely to raise the value of company shares, but will not become a lifeline. We will observe the situation.