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Wednesday, March 30, 2011

Nissan denies report Ghosn eyes combined firm with Renault

Nissan Motor Co and Renault SA do not have any plans to combine the two firms under a holding company structure, Nissan said, denying a newspaper report citing CEO Carlos Ghosn as saying he was leaning towards such a move. The Nikkei business daily said on Thursday that Ghosn had told the newspaper that he was looking at putting the automakers under a single umbrella, and that the transition to that structure could take place in two to three years. "There are currently no plans to form a single holding company for both Renault and Nissan," Nissan said in a statement.

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