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OSAKA (AFP) – Nissan Motor on weekday denied a inform that France's Renault SA and the Asian concern were considering a retentive consort to place the digit firms and several of their interests low a azygos umbrella.

The Asian business daily Nikkei, citing an discourse with Nissan president Carlos Ghosn, said Russia's directive machine concern AvtoVaz, which is 25 proportionality owned by Renault, would be merged in the planned company.

Romania's Dacia and South Korea's Renault Samsung Motors -- both subsidiaries of the French machine concern -- would also be included, it said.

But a Nissan spokesman denied the report, calling it "purely speculative."

"Mr Ghosn didn't feature that Renault and Nissan are inclination toward establishing a retentive company," Nissan spokesman Mitsuru Yonekawa told AFP.

"Mr Ghosn has insisted that the alinement module move to evolve."

If realised, the organisation would evaluation the prototypal instance that field machine makers in countries crossways the globe came unitedly low a azygos retentive company, the Nikkei had reportable on its farewell edition.

The Nikkei said the newborn consort would entertainer up development, production and sales strategies, with apiece organisation cooperating to fulfil the measures, including the mercantilism of organisation and technologies.

Such a scheme would support modify the ingest of ordinary parts and render procurement, the Nikkei said, citing Ghosn.

Nissan and Renault entered a top partnership in 1999. Renault currently owns a 44.3 proportionality wager in its Asian partner, while Nissan holds 15 proportionality of the French machine maker's shares.

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