Renault-Nissan to enter auto elite - once they find a way to reach a deal

Both Nissan and the Japanese government have spurned efforts by Renault to engage in merger talks, according to the Financial Times

A merger between longtime alliance partners Renault SA and Nissan Motor Co. would codify a global automotive pecking order dominated by three mega-players, putting pressure on everyone else to bulk up or risk being left behind. They just need to find a way to agree.

The French and Japanese manufacturers, along with third partner Mitsubishi Motors Corp., churn out 10.8 million cars each year -- nearly double Ford Motor Co.’s global deliveries. The alliance -- currently held together by a series of cross-shareholdings -- would be second only to Germany’s Volkswagen AG, with Toyota Motor Corp. a close third.

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