Nissan Motor Co. Ltd.'s board was expected to announce a deal in Tokyo on March 27 to hand over a 36.8% share of the troubled carmaking operation to Renault SA's management, effectively giving Renault controlling interest of the company — a first between a Japanese and European automaker. Renault's stake, representing the largest investment by a foreign company in a Japanese carmaker, would eclipse Ford Motor Co.'s 33.4% share of Mazda Motor Corp., but people close to the situation say ...

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