Book excerpt: Renault-FCA merger surprise and sniping from sidelines

By mid-2019, in the months following the arrest of former Nissan Chairman Carlos Ghosn, relations between Nissan and French partner Renault plumbed new lows. Ham-fisted attempts by Renault's new chairman, Jean-Dominique Senard, to broker a surprise merger between Renault and Fiat Chrysler Automobiles, behind Nissan's back, only further strained the Franco-Japanese alliance. Sales, profits and share prices plunged — not only at Nissan and Renault, but at Mitsubishi, the auto group's third leg.