Nissan, Renault near 'historic' rebalancing of alliance

By Agence France-Presse

Jan 18, 2023 12:18 am

TOKYO: Nissan and Renault are nearing a 'historic' rebalancing of their automobile alliance, with a deal likely to be announced in the coming weeks, a source close to the talks said on Tuesday.

The Japanese and French car giants have been wrestling with a reshaping of their partnership for months, with discussions including a reduction of Renault's hefty 43.7-percent stake in Nissan.

Employees work on an assembly line at a Beijing Automotive factory in the city of Qingdao, Shandong province, eastern China on Jan. 14, 2023. AFP PHOTO

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