Renault, Nissan Boards Approve Overhaul Of Alliance

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Renault, Nissan Boards Approve Overhaul Of Alliance

The boards of the two car makers have approved a major overhaul of the alliance. (File)

London:

The boards of French automaker Renault and Japanese partner Nissan have approved a major overhaul of their rocky alliance following months of negotiations, the companies said on Monday.

The carmakers said in a statement that they “rebalanced” their relationship, with Renault reducing its stake from 43.4 percent to 15 percent, the same size as Nissan’s share of its French counterpart.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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