Reuters reveals Nissan and Renault shelve merger plans

Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, Reuters sources said. Both struggling carmakers are set to announce mid-term restructuring plans that will serve as a peace treaty designed to resolve long-standing tensions, the five people familiar with the overhaul told Reuters.