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Business deals

Nissan sees 'no merit' in merger with Renault, says CEO Saikawa

Automaker determined to maintain its independence from Paris

Nissan and Renault have a long-term partnership. But Nissan CEO Hiroto Saikawa dismissed the idea of merging the two.

BEIJING -- Nissan Motor CEO Hiroto Saikawa brushed aside the idea of merging the Japanese automaker with its French partner Renault, emphasizing the importance of independence amid pressure from Paris.

The French government, a major shareholder in Renault, is reportedly pushing for a merger. But "I see no merit" in combining the whole companies, Saikawa said in an interview with Nikkei on Wednesday. "I think it would have side effects." Saikawa is visiting Beijing for an international auto show.

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