A spokeswoman for Renault declined to comment on the report. She added that the current industry alliance between Renault, Nissan and Mitsubishi Motors is "working."
Carlos Ghosn, the former chairman of Renault and Nissan, reportedly pushed for a full merger of the carmakers before he was arrested and charged with alleged financial crimes in Japan. He's now awaiting trial.
The Financial Times reported that Ghosn also held talks with Fiat Chrysler within the past three years. Pushing the companies together would allow them to go head to head with the likes of Toyota (TM) and Volkswagen (VLKAF).
There could be one more auto deal in the works: Daimler is nearing a deal to sell a 50% stake in its Smart brand to Chinese carmaker Geely, according to the Financial Times.
2. Costly disasters: Lloyds of London has reported a £1 billion ($1.3 billion) loss for 2018, citing the mounting cost of natural disasters as one reason for the poor results.
The insurance market said it paid out £19.7 billion ($26 billion) in natural catastrophe claims related to Hurricanes Florence and Michael, Typhoon Jebi in Japan, the California wildfires and other severe weather events.
The company said that natural catastrophe claimer were well above average for the second year running.
3. Figuring out Brexit: British lawmakers will hold a series of votes Wednesday on alternatives to the Brexit divorce deal negotiated by Prime Minister Theresa May.
The votes are not binding and are designed to help lawmakers find a Brexit plan that commands a majority support in parliament.
Lawmakers are likely to vote on options such as leaving without a deal that protects trade, a closer relationship with the European Union than May advocates and halting the Brexit process entirely.
The pound has been volatile in recent weeks as Britain slips deeper into Brexit chaos.
4. Global market overview: US stock futures were pointing higher.
European and Asian markets were mixed.
The Dow Jones industrial average closed up 0.6% on Tuesday. The S&P 500 and the Nasdaq both gained 0.7%.
5. Earnings and economics: lululemon athletica (LULU) will release earnings after the close.
Shares in Korean Air rose 2.5% after shareholders rejected the re-election of chairman Cho Yang-ho.
The EIA Crude Oil Inventories is set to be released at 10:30 a.m. ET.
https://www.cnn.com/2019/03/27/investing/premarket-stocks-trading/index.html
2019-03-27 10:23:31Z
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