Honda would prefer that Renault cut all ties with Nissan when the two Japanese brands are scheduled to merge in 2026. But it will be expensive.
Honda wants to kick Renault out of Nissan completely. Preferably before the two Japanese brands are scheduled to merge in 2026.
Honda employees have reportedly asked Nissan to buy back Renault shares, which amounts to an investment of approximately $3.6 billion.
Honda's concern stems from the risk of an unknown third party buying Renault's shares during the merger process.
This is reported by Bloomberg .
Something that could potentially affect plans for a merger in Japan. There have previously been rumors that Chinese Foxconn is more than interested in buying Renault's share in Nissan.
Renault's role in the upcoming merger is unclear. The official press release about the merger did not mention Renault, despite its significant stake in Nissan.
Renault has subsequently stated that they will "consider all options based on the best interests of the group and its stakeholders."
Both Nissan and Honda have declined to comment on the relationship with the French automaker.
Honda and Nissan are currently still investigating whether a merger is even possible. A decision is expected by the end of January. If the merger is approved, further steps will be taken to integrate the companies by the end of 2026.
It is expected that Nissan will attempt to buy back Renault shares at the end of January at the earliest. However, there are doubts as to whether Nissan has the money for such a buyback.
If the merger goes through, a new holding company will be established. Just as Honda and Nissan will continue to be different car brands with individual model programs that will, however, be based on the same technology.
Mitsubishi, part of the Nissan-Renault-Mitsubishi alliance, has expressed interest in joining the new group, but the smaller Japanese brand has not yet made a decision.
