Renault shares surge on Nissan merger talks report

Renault shares surge on Nissan merger talks report

A new deal would end an existing alliance between the two automakers and make them into one, said the sources, who requested anonymity due to the details not being made public. Renault now owns 43% of Nissan while the Japanese carmaker has a 15% stake in its French counterpart. Citing people with knowledge of the matter, Bloomberg said the new entity would be run by Ghosn, who is now Renault's chief executive and board chairman at Nissan.

Reports suggest that the Nissan would give Renault shareholders stock in the newly formed company. It is believed the new automaker may maintain two headquarters, one in Japan and one in France, but there's also a possibility for a single HQ in London or somewhere in the Netherlands. Nissan shares are down almost 2 percent over the past year, giving the company a valuation of 4.6 $43 billion.

As per Janet Lewis, an analyst, "Size matters in the auto industry", "The concern has always primarily been the French government, and somewhat Japan, because both France and Japan like to keep their national champions".

Matter with Uber 'resolved,' says lawyer for dead woman's family
At the time, though, the governor failed to mention that Uber had been secretly testing such vehicles in the state since August. She had crossed almost the entire four-lane, empty road before being struck by the front right side of the vehicle.

Warmer Wednesday then back to wintry weather
Thursday , we're good to go with another springy day under a good mix of clouds and sun, highs will get into the low to mid 50s. A cold front will slide through early Wednesday evening bringing a small chance of a few brief light showers or sprinkles.

Russian shopping mall fire kills at least 53; more missing
The Kremlin issued a statement saying Mr Putin "expressed his deep condolences to the relatives and loved ones of those who died". People mourn the victims of a shopping mall fire at a makeshift memorial in the Siberian city of Kemerovo, Russia March 26, 2018.

In an interview with AFP earlier this year, Ghosn said the French carmaker is keeping all options open regarding its alliance with Nissan and Mitsubishi, another Japanese carmaker in which Nissan holds a stake.

Neither Renault or Nissan have commented on the report.

Earlier in March, Nissan was holding talks to purchase a large portion of the stake held by the French government. Both companies are managed by Carlos Ghosn. "I just consider that I have the shareholders that I have and I try to satisfy them in the best way possible and as much as possible make sure that they understand our strategy and appreciate our results".

Related news:

Hot News

isis-killer-beheading-video-story-top IOS 11.3 Released: Here's the Top 5 Features
Mar 30, 2018 - 00:34
It's available over the air and it's the first ever update for Apple's smart speaker. Four new Animoji are arriving for iPhone X users: a lion, bear, skull and dragon.

isis-killer-beheading-video-story-top Your Easter weather for Sussex
Mar 30, 2018 - 00:31
The Met Office is warning that the weather could be to take a turn for the worse again over the Easter weekend . It continued: "There is a slight chance that some rural communities could become cut off".

isis-killer-beheading-video-story-top Malala returns to Pakistan
Mar 30, 2018 - 00:30
He said the entire world gave honour and respect to Malala and Pakistan would also give her the kind of respect she deserves. She says: "It is now actually happening and I am here" and that she will continue to campaign for the education of girls.

isis-killer-beheading-video-story-top Facebook Shares Perk Up After Social Network Tweaks Privacy Settings
Mar 30, 2018 - 00:25
The section will also enable users to access secure copies of their Facebook history more quickly, the company said. The update follows the recent controversy brewing over an alleged data breach of almost 50 million Facebook users.

isis-killer-beheading-video-story-top Air India Finally Has a Chance to Lose the Baggage: Gadfly
Mar 30, 2018 - 00:25
What happens on 28th May, when qualified interested bidders are invited to the second stage of bidding is anyone's guess. Failing that, they ask that Air India flights that overpass Saudi Arabia be banned.

isis-killer-beheading-video-story-top Iran urges Saudi Arabia to end Yemen war, engage in dialog
Mar 30, 2018 - 00:20
Yemeni forces fired seven ballistic missiles into Saudi Arabia in retaliation for the continued massacre of civilians by the Saudi-led coalition.

isis-killer-beheading-video-story-top India seeks greater market access for its goods and services in China
Mar 29, 2018 - 02:19
Expressing his views on the Doklam standoff, Bambawale said India reacted after Chinese military changed the status quo in Doklam. About lessons to be drawn, he called for delineation of the 3,488-km long Line of Actual Control (LAC) which China has refused.

isis-killer-beheading-video-story-top No winning ticket sold for Mega Millions drawing
Mar 29, 2018 - 02:15
Tonight, players in SC hope the decision falls in their hands, as this is the eleventh-largest sum seen in North America. The profit from all Mega Million tickets bought in Virginia goes toward K-12 public education in the Commonwealth.

isis-killer-beheading-video-story-top Huawei Porsche Design Mate RS with in-screen fingerprint sensor launched
Mar 29, 2018 - 02:14
However, Huawei have built a toggle into the settings menu of the phone that'll allow you to make it a little more inconspicuous. P20 Pro has a 6.1 inch OLED display while P20 has 5.8-inch LCD screen and Porsche Design Huawei Mate RS has 6-inch OLED screen.

isis-killer-beheading-video-story-top Remains of missing Hollywood actress believed to have been found
Mar 29, 2018 - 02:07
Police then chose to placed a want on Spotz's vehicle - a 2015 Toyota Tacoma truck - in order to conduct further investigations. On March 22, San Bernardino County sheriff's deputies found Spotz in his auto in the area of the 10 and 15 Freeways.

isis-killer-beheading-video-story-top Largest convoy yet leaves Syria's ruined eastern Ghouta
Mar 28, 2018 - 01:34
The agreement with Faylaq al-Rahman was announced on Friday and its implementation started the following morning. The town of Douma now remains the last rebel-held stronghold in the besieged enclave.

isis-killer-beheading-video-story-top Logitech Crayon and Rugged Combo 2 enhance the iPad (2018) experience
Mar 28, 2018 - 01:34
Like the case, the Crayon also has a rugged design that should survive better with the kids than the dainty Apple Pencil. Crayon does have support for tilt, though, with Logitech saying it also offers low latency and "sub-pixel precision".

isis-killer-beheading-video-story-top Cambridge Analytica: Chris Wylie misrepresented company, admits what he says is speculation
Mar 28, 2018 - 01:34
In a deposition to UK House of Commons, Wylie named Congress as one of the clients. I don't remember a national project but I know regionally.

isis-killer-beheading-video-story-top United States gun maker Remington files for bankruptcy protection
Mar 28, 2018 - 01:26
BlackRock is a major shareholder in gunmakers Sturm Ruger, American Outdoor Brands, and Vista Outdoor Brands. In all, 3.6 million rifles and 3.5 million handguns were manufactured in the USA in 2015 the data showed.

isis-killer-beheading-video-story-top Giants 'Listening To Trade Calls' For Odell Beckham Jr
Mar 28, 2018 - 01:23
He had 288 receptions, 4,122 yards and 35 touchdowns in his first three seasons before last year's injury. He's set to make nearly $8.5 million in 2018 after NY picked up the fifth-year option in his rookie deal.