Renault to Propose Merging With Nissan

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Renault to Propose Merging With Nissan
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Renault plans to propose merging with Nissan, its partner in an alliance strained by the crisis surrounding former leader Carlos Ghosn

Renault SA plans to propose to partner Nissan Motor Co. that the companies merge under a new holding company, according to people familiar with the proposal.

Under the proposal, Nissan shareholders and Renault shareholders would each receive a roughly 50% stake in the new company. Nissan has yet to hear details of the proposal, said the people.

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