Renault is pushing Nissan to agree to a higher premium for its stake as Honda's market strength grows, threatening the balance of power. This comes as Nissan, presenting its deal as a merger of equals, faces declining market performance, with its capitalization now a fraction of Honda's. The urgency is heightened due to external pressures, including an offer from Foxconn for part of Renault's shares in Nissan. Both companies are delaying the timeline for the announcement of their management integration, initially scheduled for late January, now likely in mid-February.
Renault has urged Nissan to negotiate a higher premium on its stake, amid concerns about Honda's increasing control and Nissan's financial struggles.
Nissan's market cap has dropped significantly, which has skewed power dynamics and pressured Renault to expedite merger negotiations.
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