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Renault SA’s growing litany of woes could nudge the French carmaker to reduce its stake in Nissan Motor Co., a step that would help ease their strained relations.

The possibility of a shareholding deal with the Japanese company was driven home by analysts after a tumultuous week for Renault. A profit warning and subsequent drubbing of the share price Friday followed on the heels of a top management shake-up, laying bare how ill-prepared the French carmaker may be for a downturn in the sector.

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