Tokyo - Nissan on Wednesday told Renault that it wasn't opposed to its partner's potential $35 billion (R515bn) merger with Fiat Chrysler, the Nikkei newspaper reported, as the two met to hash out the future of their alliance amid a deal that could upend the auto industry.
The leaders of Nissan, Renault and junior partner Mitsubishi Motors gathered at Nissan's headquarters in Yokohama for a scheduled alliance meeting - one overshadowed by Fiat Chrysler's proposal this week for a merger-of-equals with Renault.
The plan, which would create the world's third-largest carmaker, raises difficult questions about how Nissan would fit into a radically changed alliance. Renault Chairman Jean-Dominique Senard arrived in Japan on Tuesday to discuss the proposed tie-up with Nissan, 43.4% owned by the French car company.
"We are not opposed," the Nikkei quoted an unnamed Nissan source who had attended the meeting as saying. The person also said "many details need to be worked out" before the Japanese carmaker solidifies its position on the issue, the Nikkei reported.
In a statement, the alliance members confirmed that they had "an open and transparent discussion" on the proposal. The deal looks designed to tackle the costs of far-reaching technological and regulatory changes, including the drive toward electric vehicles.