France presses Japan to accept Renault-Nissan merger

The French government has asked Japan to accept a merger between Renault SA and Nissan Motor Co. following the arrest of Carlos Ghosn, who had managed the alliance of the carmakers, sources close to the matter said Sunday.The request, apparently aimed at bringing the two automakers under the wing of a new holding company, was made at talks between French and Japanese officials in Tokyo and reflects President Emmanuel Macron's wishes, the sources said.The French government is the biggest shareholder in Renault with a more than 15 percent stake, while Renault owns 43.4 percent of Nissan with …READ FULL ARTICLE