Mar 29, 2018

Renault shares jump after Nissan merger report

Shares in French car maker Renault have jumped 5.4% at the opening of trading after a report that it is in merger talks with Japanese car giant Nissan. Earlier in March, Reuters reported that Renault and Nissan were discussing plans for the Japanese carmaker to buy most of the French state's 15% Renault holding. The alliance between the firms includes sharing engines and building smaller vehicles on a common architecture. Japanese car firm Mitsubishi is also part of the alliance. In 2016, Renault, Nissan, and Mitsubishi had combined sales of 9.96 million - which was one in nine of all vehicles sold worldwide.

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