March 31 Nissan Motor Co and France's
Renault SA are leaning toward establishing a holding
company that would put the two companies under a single
umbrella, Nissan President Carlos Ghosn told the Nikkei business
If realized, the plan would mark the first time that major
automakers in countries across the globe came together under a
single holding company, the Nikkei said.
The process could take place in two or three years, Ghosn,
who is also the chairman of Renault, told the paper.
Ghosn said shareholders' interests must be taken into
consideration, suggesting Nissan and Renault will remain listed
and the French government, which owns a 15 percent stake in
Renault, will have a say, according to the report.
The plan calls for Russia's leading automaker AvtoVaz, which
is 25 percent-owned by Renault, as well as Romania's Dacia and
South Korea's Renault Samsung Motors - both subsidiaries of the
French automaker - to move under the proposed umbrella, the
Nissan sold a record 4.08 million vehicles worldwide in
2010, with Chinese sales hitting 1 million for the first time
and surpassing figures for Japan and the United States, the
Nikkei report said.
Russia, India and Brazil are also key markets for Nissan,
the report said.
Placing leading local firms under the group's umbrella would
be advantageous in expanding local operations while reducing
expenses for building factories and establishing sales networks,
the daily said.
Renault currently owns a 44.3 percent stake in its Japanese
partner, while Nissan holds 15 percent of the French automaker's
shares, according to the Nikkei.
(Reporting by Kavyanjali Kaushik; Editing by Prem