The Love Triangle Between Renault, Nissan, and Honda Is Falling Apart!
- Published on 20/01/2025 18:14
- Modified on 23/09/2025 13:25
New episode in the captivating soap opera of the Honda and Nissan merger: The desired break with Renault.
In the event of a merger between Honda and Nissan, Renault, a 35.7% shareholder of Nissan, could find itself sidelined. According to Bloomberg, Honda has reportedly required Nissan, as a precondition for advanced negotiations, to buy out the French manufacturer’s stake, estimated at $3.6 billion! But it’s not just a financial issue. Honda fears that Renault, somewhat opportunistically, might sell its shares to another player, thereby disrupting the balance of the alliance.
If this merger materializes, it could generate a revenue of 191 billion dollars, a handsome achievement for Honda and Nissan in front of their European rivals and new challengers such as Tesla and BYD. But beware, revenue is not the same as profit! Nissan is losing money, and Honda’s much higher market capitalization would enable it to take control of the future board of directors, while creating a joint holding company listed on the Tokyo Stock Exchange. A masterstroke in the making.
Renault Rejoices
On its side, Renault could play the rejected lover, wounded in its pride but with a smirk. The Renault-Nissan-Mitsubishi alliance, already struggling since the Carlos Ghosn affair, has never regained its momentum. The latter Carlos Ghosn didn’t hesitate to express his negative opinion about this union. If this merger takes place, Renault could finally rid itself of its burdensome “ex” while pocketing a nice check from the sale of its Nissan shares. And there’s even an unexpected ally in the story: Foxconn, the Taiwanese giant, which is closely watching these shares and Nissan’s restructuring. A subtle blackmail, perhaps?
Ultimately, this merger could give Renault a great way to start anew, give Nissan the long-awaited restart, and provide Honda with a major strategic move. But three winners in the story is two too many… let’s wait until June and the unveiling of the merger plan to try to guess who will be the fool in this automotive vaudeville.
READ ALSO: Nissan is already discounting its new Qashqai for less than €30,000!
This page is translated from the original post "Le triangle amoureux Renault – Nissan – Honda se déchire !" in French.
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