Nissan renews attempt to tie up with Renault
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.NISSAN YESTERDAY redoubled its efforts to forge an alliance with Renault after negotiations over DaimlerChrysler taking an equity stake in the ailing Japanese car manufacturer collapsed.
The Renault chairman, Louis Schweitzer, confirmed at the Geneva Motor Show that the French group was continuing to study a tie-up with Nissan. In Tokyo, a Nissan spokesman said it would seek other partners, with Renault high on the list of possible tie-ups.
DaimlerChrysler is thought to have pulled out of the talks because of concerns over Nissan's $36bn of debts. The negotiations' collapse also means that DaimlerChrysler will not buy Nissan's 40 per cent stake in the truck maker Nissan Diesel.
After meeting the Nissan president Yoshikazu Hanawa in Tokyo, the DaimlerChrysler chairman, Jurgen Schrempp, said: "We discussed our options very openly and in a friendly atmosphere, but finally decided not to pursue a participation."
Mr Schrempp said the two companies would continue with joint projects for light trucks.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments