Renault shares gain on Honda-Nissan tie-up talks

Potential merger seen as benefiting French carmaker, which is Nissan's top shareholder

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French President Emmanuel Macron stands by a new electric Renault R5 E-Tech as he visits the Paris Motor Show in October. © Reuters

PARIS (Reuters) -- Renault shares surged 6% on Wednesday as analysts highlighted financial and strategic benefits for the automaker from a potential Honda and Nissan merger.

Japan's number two and three carmakers are in talks to deepen ties, including a possible merger, two people said, as they come under growing pressure from Tesla and Chinese rivals.

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