Automakers go big, Costly natural disasters; Figuring out Brexit

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Automakers go big, Costly natural disasters; Figuring out Brexit
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CNN's ChristineRomans has the day's top business headlines before the opening bell on Wall Street

London 1. Automakers go big: Renault plans to restart merger talks with Nissan within 12 months, the Financial Times reported Wednesday. Once that's done, the French carmaker will look to buy Fiat Chrysler , the report added.

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.

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