Nissan’s Top Shareholder Renault Said Open to Honda Talks
- Renault backs in principle possible deal to strengthen Nissan
- French manufacturer’s nod will be key to any agreement
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Renault SA is open to Nissan Motor Co. pursuing merger talks with Honda Motor Co. as the French automaker seeks way to insulate itself from the crisis plaguing its long-time alliance partner, according to people familiar with the situation.
Renault is eager for the Japanese company to find ways to become stronger given it isn’t itself willing to inject cash into Nissan, said the people, who asked not to be identified discussing internal matters. With a 36% stake, Renault remains Nissan’s biggest shareholder and its approval will be key to any agreement, the people said.