Nissan puts the brakes on Renault’s new merger effort

Nissan is opposing renewed efforts by alliance partner Renault to merge under a holding company because such a structure won’t help turn the Japanese carmaker around, according to a person with knowledge of the discussions.

Talks have been ongoing since Renault chairman Jean-Dominique Senard first made an informal proposal to Nissan chief executive Hiroto Saikawa in April.