Nissan, Renault ready to announce new alliance deal in days, sources say
Nissan and Renault will make an announcement in the coming days on their restructured alliance and have finalized the deal, people familiar with the matter said, capping 10 months of sometimes tense negotiations.
Nissan has been working to define a lower threshold for its pledged, strategic investment in Renault’s electric vehicle unit, Ampere, below the 15% maximum target it announced in February, two of the people said. The size of its stake still hinges on the value of Ampere, but Nissan is likely to take less than 10% of the new unit, one of them said.
The automakers announced a framework agreement in February and had aimed to finalize the deal as early as March. Under the framework, the Japanese automaker would take as much as 15% of Ampere and Renault would reduce its 43% stake in Nissan.