French minister says Renault could reduce Nissan stake to save alliance

French carmaker Renault, partly state-owned, could reduce its stake in its Japanese counterpart Nissan in an effort to save the strained commercial alliance between the two marques, said France's economy and finance minister Bruno Le Maire, adding that French plans for a merger between the two, resisted by Nissan, could be abandoned.

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Paris would be open to Renault reducing its 43.4% stake in Japanese partner Nissan Motor, the French finance minister Bruno Le Maire said on Monday, as he sought to calm the rising tensions that threaten the two companies' global carmaking alliance, reports Nikkei Asian Review.