Trending: Renault Unveils Details on Nissan Alliance Restructuring
February 06 2023 - 09:34AM
Dow Jones News
1404 GMT - Renault is among the most mentioned companies across
news items over the past 12 hours, according to Factiva data, after
the French car maker unveiled the restructuring of their two-decade
old alliance with Nissan Motor. The long-planned shake-up includes
a reduction of Renault's stake in its Japanese partner from 43% to
15%, to match the stake Nissan holds in Renault. The deals include
an investment by Nissan in Renault's electric-vehicle and software
business Ampere, which the French auto maker is seeking to take
public this year. The companies also said they are considering
joint projects in Latin America, India and Europe. The companies
aim to reach definitive agreements by the end of March and close
the deal this year, they said. Dow Jones & Co. owns Factiva.
(christian.moess@wsj.com)
(END) Dow Jones Newswires
February 06, 2023 09:19 ET (14:19 GMT)
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