Renault to offer Nissan a merger plan - report

Renault is set to propose a merger to Nissan, but the chances of success seem low at this stage. A source has outlined Renault's proposed merger plans to The Nikkei. In the proposal, a new holding company will be formed to own 100% of Renault and Nissan, with current shareholders swapping their current shares for stakes in the new company.

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