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Renault & Nissan plan to publish joint balance sheet

Renault and Nissan are to publish a joint balance sheet as a means of showing credit rating agencies the fruits of their alliance, and in the hope of securing cheaper credit.

Once amalgamated in something closer to an outright merger, Renault-Nissan will be seen to be the world's fourth largest car maker, whereas in 2002 Nissan was the 9th and Renault the 10th biggest. Their alliance, and Nissan's recovery plan, has made Nissan the currently the world's most profitable volume car maker, while Nissan's dividends on Renault's 44% stake have helped the latter reduce its debt from 50% of equity at the time of the investment to 13% now. Renault and Nissan are separately ranked by the credit rating agencies at 'medium' risk level – they hope their combined might will trigger a more favourable rating and reduce borrowing costs.

- Nissan plans to end technology transfers to Renault Samsung Motors, after 2005, the Nihon Keizai newspaper reported on 7 March, with the objective of avoiding product overlap in the Korean market. A Nissan spokesman would not confirm the report.

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