Nissan, Renault on Track to Complete Deal to Revamp Alliance
- Final talks underway to rebalance lopsided capital ties
- Nissan negotiating stake level in Renault’s EV business
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Nissan Motor Co.’s independent directors endorsed proposals from Renault SA to rebalance a 23-year-old alliance and pave the way for the French carmaker’s own revamp, two people familiar with the situation said.
Final talks are underway for Renault to reduce its stake in the Japanese carmaker over time to 15%, said the people, who asked not to be identified as the talks aren’t public. Nissan’s full board, including representatives from Renault, is expected to meet later this month to make a decision.