French state seeks to grab 20% of Renault-Nissan

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The French government has reportedly irked Nissan and caught Renault board by surprise in move to double its stake and clout in the carmaker.

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The French government’s move to expand its voting control at Renault is roiling the delicate balance of power in the car maker’s partnership with Nissan, one of the auto-industry’s most successful cross-border alliances, reports The Wall Street Journal.