Nissan’s may end tie-up with Diamler

TOKYO, APR 15: Japan's Nissan Motor Co is mulling ending a tie up with Diamler Chrysler Ag, as it prepares to sell a large stake to Franc...

TOKYO, APR 15: Japan’s Nissan Motor Co is mulling ending a tie up with Diamler Chrysler Ag, as it prepares to sell a large stake to France’s Renault Sa, a company official said today.

"We are studying the future course of the project but nothing has been decided. The cancellation of the tieup is one of the possibilities," a Nissan spokesman said.

Last month, Renault said it would spend 643 billion yen (5.4 billion dollars) buying minority control of Nissan and a stake in Nissan diesel.

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The news agency Jiji press reported today that Nissan would break with Diamler Chrysler to underscore its alliance with Renault, which produces commercial vehicles in competition with the German-American rival.

Furious speculation about Nissan’s truck division erupted this week after the Renault chairman Louis Schweitzer refused to rule out the sale of a 22.5 per cent stake in Nissan Diesel.

"Everything is possible, there would be buyers for Nissan Diesel," Schweitzer said in an interview with La Tribunebusiness daily published on Monday.

But such a sale "would only make sense if Nissan Diesel is not incorporated into Renault, truck division Renault VI as part of the Renault merger, he said.

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