Renault: stock up - better relations with Nissan?

(CercleFinance.com) - According to the Wall Street Journal (WSJ), Renault and Nissan have reached a solution regarding the corporate governance dispute between both these car makers which are linked by an "Alliance" and cross-shareholdings.

The Renault share is up almost 2% this morning in Paris, outperforming a 0.5% increase in the CAC 40 index.

According to the American business daily, Nissan will set up a new board of directors, which Renault bosses say could facilitate a resumption in discussions regarding Renault's merger with Fiat Chrysler Automobiles (FCA).


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