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Renault to Merge with Nissan and Acquire Fiat Chrysler

renault

New reports claim that Renault is still looking to merge with Nissan. In addition to the merger, the company is also looking to acquire Fiat Chrysler.

According to CNBC, Renault is planning to restart the negotiations with Nissan about a potential merger. The company is targeting to accomplish that in the next 12 months. They are looking to buy Fiat Chrysler too after that.

The source said talks with Fiat Chrysler have already began years ago. It happened during the tenure of Renault CEO Carlos Ghosn. However, his arrest in Japan last year due to misconduct charges has put the negotiations on hold.

With the revival of the talks, Fiat Chrysler Chairman John Elkann is expecting the merger to boost his company. The combined forces of Renault, Nissan and Fiat Chrysler is projected to put them strategically on the map as viable challengers to the dominance of Volkswagen and Toyota in the global automotive scene.

The news outlet tried confirming the matter with both Renault and Fiat Chrysler. They are yet to give their official statements on the subject.

At the moment, Renault, Nissan and Mitsubishi enjoy a complex arrangement under an alliance via a cross-party share ownership. The group’s relationship was rocked momentarily by Ghosn’s scandal though. However, in a related story, the ties of the three are presently going strong. In fact, the new truck platform being developed by Mitsubishi for the Triton will be used by both Nissan and Renault in their Navara and Alaskan pickup trucks, respectively.

Do Electric Cars Really Serve as Cleaner Alternatives?

Ferrari LaFerrari hybrid

There is a popular belief that electric cars are environment-friendly because of their zero emission values. However, Ferrari and Fiat Chrysler CEO Sergio Marchionne is not buying it.

Ferrari has shown us their hybrid car concept for the 599 back in 2010, their latest hybrid Ferrari LaFerrari, and their Formula One cars are now using a hybrid powertrain that is proving to be a major challenge for the reigning champion, Mercedes. Despite that, it seems electric cars do not sit well with Ferrari executives. The fans of the brand share the same sentiment too. After all, the brand has been known for its powerful cars ran by combustion engines.

Marchionne pointed out in an interview with CNBC that electric cars may not be as clean as they seem. He said that the full environmental impact of electric vehicles or EVs must be analyzed thoroughly. He recommended a full examination on the origin of the electric power, where it comes from, the manufacture of its batteries, cost in terms of carbon dioxide and its environmental impact.

The CEO pointed out that if they are using nuclear power in the production of such, then he has no issue about it as he thinks that is the right thing. He explained that if companies are still using fossil fuel to produce EVs, there is a bigger issue regarding the matter.

The report claimed that as of now, Ferrari has no public plans to develop EVs. Ferrari execs and fans defended their stance with the fact that electric cars would not fit in the brand’s image. However, the source stated that their position might change due to the strong push of governments worldwide for electrification in order to curb pollution.

It should be noted that Fiat Chrysler does have its own electric models as well, but Marchionne revealed that the company is losing as much as $20,000 for every electric model of the Fiat 500.

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