Nissan, Japan Reject Merger Overture From Renault Chief, FT Says

Nissan Motor Co. and the government of Japan have spurned efforts by Nissan’s French partner, Renault SA, to engage in merger talks, the Financial Times reported.

Relations between the partner companies, already tense because of the arrest of former alliance leader Carlos Ghosn in Japan, have hit a new low after the latest snubs, the FT reported, citing a person familiar with the situation. Ghosn had been seen as guiding the companies toward a merger when he was charged last November with financial misconduct at Nissan.