Auto Renault to propose joint holding company with Nissan Updated : April 27, 2019 12:08 PM IST Under the proposal, both firms would nominate an equal number of directors to the new company, which would be headed by Renault chairman Jean-Dominique Senard. The proposal comes after the French automaker had approached Nissan with a merger idea ahead of an alliance operational meeting earlier this month. Renault has long been vying for a closer merger with Nissan, which it rescued from the brink of bankruptcy two decades ago. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.