Nissan said net profit slumped nearly 95 percent in the April-June quarter due to falling sales and growing costs.
Renault officials on Wednesday sought to reassure the firm’s alliance partner Nissan over a possible tie-up between the French automaker and Fiat Chrysler, which could up-end the auto industry.
French automaker Renault said on Monday that it would study “with interest” a 50-50 merger proposal from Fiat Chrysler, a deal that could reshape the industry as Renault reviews its options following the arrest in Japan of its chief executive.
Renault will propose a plan to create a joint holding company that would give the French carmaker and Japanese partner Nissan equal footing, a person with knowledge of the issue told Reuters.
Former Nissan chief Carlos Ghosn emerged from his Tokyo detention centre in the late hours of Thursday after accepting bail of $4.5 million under strict conditions including restrictions on seeing his wife.