PARTNERSHIP
Renault and Nissan bide time on merger decision
Tokyo — Renault and Nissan Motors have given themselves two years to decide on a possible merger or find an alternative mechanism to enhance their partnership, people familiar with the matter said. A solution to cement ties would be found before Carlos Ghosn, the chairman of both the car makers, is due to step down as CEO of Renault in 2022, according to the people, who asked not to be named because the talks are private. Ghosn, serving a four-year CEO term at Renault, had previously said he may step down before his tenure ends. Renault rose as much as 3.1%, the most in seven weeks. The car makers are in talks about options, including setting up a holding company and putting Renault and Nissan under that umbrella, according to the people. Bloomberg News reported in March that Renault and Nissan are in talks to merge under a single stock, a move that could help them pool resources better in the new age of electrified vehicles and autonomous driving. Ghosn has since pared down expecta...
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