Business

Nissan and Renault shelve merger plans to repair their alliance: sources

(Reuters) – Renault (RENA.PA) and Nissan (7201.T) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters. Nissan has long resisted Renault’s proposals for a full-blown merger as executives felt the […]

Business

France wants Renault to maintain its French plants

PARIS (Reuters) – The French government will insist on preserving Renault (RENA.PA) production plants in France and wants it to remain the carmaker’s global centre for engineering, research, innovation and development, Prime Minister Edouard Philippe said on Wednesday. Speaking in the Senate, he said the government was particularly concerned about maintaining the Flins plant, northwest […]