Renault and Nissan might be looking to take on the colossus that is VW Group in a deal of epic proportions. According to Bloomberg, the two companies are in discussions regarding a possible merger, taking the Renault-Nissan Alliance - which was formed in 1999 - to the next level.
Renault has a 43 per cent stake in Nissan, while the Japanese company owns 15 per cent of its French partner. The two already share engines and platforms, but the rumoured proposals would see a new company formed. Presumably, the two separate brands would remain, operating under a single parent company.
However, a merger - said to have been discussed for several months now - is far from certain. Even if the companies decide to go ahead with a deal, there are potential stumbling blocks, Bloomberg’s unnamed insider sources claim, such as the French government owning a 15 per cent stake in Renault.
A spokesperson for the alliance “said the group doesn’t comment on rumors and speculation,” Bloomberg reports.