This is a very good news.
Nissan ADRs is +1,79% in New York, +5,68% from lows of the day
Renault is not trading in the US, stock was down -1,61% today
BFW 01/23 17:26 Nissan, Renault to Merge Global Production, Nikkei Says
BFW 01/23 17:23 *NISSAN, RENAULT TO MERGE GLOBAL PRODUCTION, NIKKEI SAYS
BFW 01/23 17:23 *NISSAN, RENAULT TO MERGE GLOBAL PRODUCTION, NIKKEI SAYS
MORE: Nissan, Renault to Merge Global Production, Nikkei Says
2014-01-23 18:12:47.90 GMT
By Akiko Nishimae
Jan. 24 (Bloomberg) -- (Adds ADR reaction, bullet points)
Cos. expect to save more than 400b yen in annual costs,
newspaper reports on Japanese-language website.
* Nissan ADRs reverse decline after report
* To name person in April to oversee merged production: Nikkei
* Will streamline development: Nikkei
* Will share standard parts to produce different cars on same
lines: Nikkei
* To share technology for electric and fuel-cell cars,
automatic driving: Nikkei
Story Link:NSN MZV74Y6S9735<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--Editor: Steven McPherson
To contact the reporter on this story:
Akiko Nishimae in New York at +1-212-617-2601 or
anishimae3@bloomberg.net
To contact the editor responsible for this story:
Jan Dahinten at +65-6212-1164 or
jdahinten@bloomberg.net
2014-01-23 18:12:47.90 GMT
By Akiko Nishimae
Jan. 24 (Bloomberg) -- (Adds ADR reaction, bullet points)
Cos. expect to save more than 400b yen in annual costs,
newspaper reports on Japanese-language website.
* Nissan ADRs reverse decline after report
* To name person in April to oversee merged production: Nikkei
* Will streamline development: Nikkei
* Will share standard parts to produce different cars on same
lines: Nikkei
* To share technology for electric and fuel-cell cars,
automatic driving: Nikkei
Story Link:NSN MZV74Y6S9735<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--Editor: Steven McPherson
To contact the reporter on this story:
Akiko Nishimae in New York at +1-212-617-2601 or
anishimae3@bloomberg.net
To contact the editor responsible for this story:
Jan Dahinten at +65-6212-1164 or
jdahinten@bloomberg.net