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| Renault shares jump after Nissan merger report | Renault shares jump after Nissan merger report |
| (35 minutes later) | |
| Shares in French car maker Renault have jumped 5.4% at the opening of trading after a report that it is in merger talks with Japanese car giant Nissan. | Shares in French car maker Renault have jumped 5.4% at the opening of trading after a report that it is in merger talks with Japanese car giant Nissan. |
| Bloomberg reported that the companies are discussing becoming one entity with a single stock. | Bloomberg reported that the companies are discussing becoming one entity with a single stock. |
| The companies have been in a strategic alliance since 1999. | The companies have been in a strategic alliance since 1999. |
| Asked about the report, a spokesman for Renault-Nissan said: "We do not comment on rumours and speculation." | Asked about the report, a spokesman for Renault-Nissan said: "We do not comment on rumours and speculation." |
| Earlier in March, Reuters reported that Renault and Nissan were discussing plans for the Japanese carmaker to buy most of the French state's 15% Renault holding. | |
| The alliance between the firms includes sharing engines and building smaller vehicles on a common architecture. | |
| Japanese car firm Mitsubishi is also part of the alliance. | |
| In 2016, Renault, Nissan, and Mitsubishi had combined sales of 9.96 million - which was one in nine of all vehicles sold worldwide. | |
| The alliance had the fourth largest number of sales in 2016 behind Volkswagen Group, Toyota, and General Motors. |