FILE – In this May 28, 2019, file photo, the Fiat Chrysler Automobiles logo appears above a post on the floor of the New York Stock Exchange. Japanese automaker Nissan wasn’t consulted about a proposed merger between its French alliance partner Renault and Fiat Chrysler and has little say over the issue. Partnering with a colossal Renault-Fiat Chrysler could help Nissan slash costs on shared components and research. (AP Photo/Richard Drew, File)Some Japanese are using an old expression to describe how Nissan was left out of talks that led to the proposed merger between its French alliance partner Renault and Fiat Chrysler Automobiles: “kaya no soto.”
That translates to “outside the mosquito net,” or the unlucky person outside the net, getting bitten while others are safe inside. In other words, the odd man out.
Nissan Motor Co. wasn’t consulted in advance about the proposed merger announced last week, which would create the world’s third-biggest automaker, trailing only Volkswagen AG and Toyota Motor Corp.
In a statement Tuesday, Nissan CEO Hiroto Saikawa raised doubts about his company’s continued participation in a longtime alliance with Renault if the merger goes through. A deal merger would “significantly alter” the alliance structure, he said.
“This would require a fundamental review of the existing relationship between Nissan and Renault,” Saikawa wrote. “From the standpoint of protecting Nissan’s interests, Nissan will analyze and consider its existing contractual relationships and how we should operate business in the future.”