According to Japanese media reports, France’s Renault has officially proposed to Nissan Motors that the two companies will merge under the framework of a holding company. 

Last month, it was reported that Nissan and the Japanese government reportedly rejected Renault’s proposed merger. Nissan and Mr. Nishikawa, who is the president and chief executive of Nissan, told Reynolds Chief Executive Thierry Bollore and Chairman Jean-Dominique Senard that Nissan is currently not interested in the full merger. This time, the Japanese “TBS” TV station quoted the source’s report and did not specify the time for the merger.

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