Automakers

Renault, Nissan agree on framework to rebalance alliance

Renault Nissan
(Christian Hartmann/REUTERS)
January 30, 2023 07:08 AM

TOKYO -- Renault Group and Nissan have agreed on a basic framework for rebalancing their decades-old alliance in which Renault will reduce its controlling stake in Nissan to 15 percent from 43 percent, while Nissan will take a share in a new electric vehicle spinoff from Renault.

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