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Deal for Nissan

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<i> Associated Press</i>

French car maker Renault appears to be close to buying a controlling stake in Japan’s debt-ridden Nissan Motor Co. in a deal expected to be announced today in Paris after a meeting of Renault’s board. While Renault’s plans still would have to be approved by a Renault employee council, Nissan’s board is scheduled to meet Friday to approve the new alliance.

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