For All The Daily News, Views, & Trending Stories, Download in60 App Today!
renault-in60-1.jpg Jul 19

Sources: Nissan, Renault Ready To Announce New Alliance

  • Nissan and Renault will make an announcement in the coming days on their restructured alliance and have finalised the deal, three people familiar with the matter said, capping 10 months of sometimes tense negotiations.
  • The automakers announced a framework agreement in February and had aimed to finalise negotiations as early as March.
  • Under the framework, the Japanese automaker would take as much as 15% of Renault's new electric vehicle unit, Ampere, while Renault would reduce its 43% stake in Nissan.