Nissan CEO sees no big downside to FCA-Renault merger

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Nissan CEO sees no big downside to FCA-Renault merger
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Nissan sees no major downside to partnering with a combined Renault and Fiat Chr...

TOKYO - Nissan sees no major downside to partnering with a combined Renault and Fiat Chrysler , it said on Wednesday in a lukewarm endorsement of the proposed $35 billion tie-up, which would complicate an already uneasy alliance.

“Overall, we don’t see any particularly negative aspect” to the planned merger, which was for Renault and FCA to decide, Nissan Chief Executive Hiroto Saikawa told reporters on Wednesday. But Mitsubishi Chairman Osamu Masuko said the Japanese partners had not been left in the dark - even as he acknowledged that he was only directly told by Renault for the first time on Wednesday, two days after the deal was announced.

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