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two Titans of the auto industry could team up soon , I slur has proposed a merger with French automaker Renault V. it says each company would control half that new group would be the world's third largest car company Renault said it would consider the deal on Monday fear owns brands from jeep to Maserati the new business with Reynaud would include sales of almost nine million vehicles Reno is already partnered with Japan's Nissan and Mitsubishi however the alliance has come under strain recently after Carlos Ghosn the former head of their alliance was arrested in Tokyo last year and charged with financial crimes Nissan also turned down a recent proposal to merge with right now the French government Renault's biggest shareholder gave a cautious blessing to the deal but it also said any merger must safeguard Renault's alliance with Nissan fiat has said under the new plan Nissan would get a seat on the board it all adds up to what may be the latest in a flurry of tie ups by carmakers as they try to cope with new technology electric cars self driving and new tough emission standards are pressuring the auto world to consolidate on Monday feet CEO Mike Manley told employees the deal with right now could take more than a year to be finalized