Renault and Nissan rebuild their alliance to ride out the coronavirus storm

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TOKYO/PARIS (Reuters) – When Renault SA (RENA.PA), Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T) announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022.

FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann/File Photo

On Wednesday, the Alliance partners will outline a new plan with a less lofty objective: survival.

“There will be restructuring, there will be fixed costs reductions, there will

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Nissan and Renault shelve merger plans to repair their alliance: sources

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(Reuters) – Renault (RENA.PA) and Nissan (7201.T) have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources told Reuters.

FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann

Nissan has long resisted Renault’s proposals for a full-blown merger as executives felt the French carmaker was not paying its fair share for the engineering work it did

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Apple-Google alliance welcomed by European coronavirus app platform

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BERLIN (Reuters) – An Apple collaboration with Google will make it quicker to get systems for tracing coronavirus infections up and running, the prime mover behind a European effort to support the smartphone technology says.

FILE PHOTO: A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration

Technologists are racing to use Bluetooth short-range communications between devices as a proxy for measuring the risk that a person infected with the coronavirus can pass it on.

Apple (AAPL.O) and Alphabet’s (GOOGL.O) Google said last week that they

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U.S.-Saudi oil alliance idea born at White House, put on back burner for now

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WASHINGTON (Reuters) – Top U.S. officials have for now put aside a proposal for an alliance with Saudi Arabia to manage the global oil market, according to three sources with knowledge of the matter, an idea one of them said came from White House national security advisers.

FILE PHOTO: U.S. President Donald Trump speaks with Saudi Arabia’s Crown Prince Mohammed bin Salman during photo session with other leaders and attendees at the G20 leaders summit in Osaka, Japan, June 28, 2019. REUTERS/Kevin Lamarque/File Photo

That the concept was even considered at high levels reflects both the depth of the crisis

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