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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.
Renault to propose joint holding company with Nissan
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