Renault-Nissan deal to take time to get right, says Carlos Ghosn

Renault and Nissan are discussing ways to strengthen their lopsided two-decade old alliance as the industry shifts to meet new challenges in an era of self-driving and electric vehicles.

Carlos Ghosn tamped down expectations of a quick deal to combine Nissan Motor Co. and Renault SA, saying the specter of failed mergers in his industry loomed large.

“I don’t think you’re going to see it this year or next,” Ghosn, who heads the Renault-Nissan-Mitsubishi alliance, said Wednesday at Bloomberg’s Sooner Than You Think technology summit in Paris. “Lots of mergers collapse and destroy value -- the strength of any company is the ability to motivate people, and how how are you going to do that if some of these people consider themselves second-class citizens.”

Renault and Nissan are discussing ways to