TOKYO/PARIS : A committee of Nissan's board is set to meet next week to consider proposals from Renault to address a sticking point in talks to restructure the alliance between the two automakers, two people with knowledge of the matter said.Specifically, Nissan directors will consider proposals from Rena
TOKYO/PARIS : A committee of Nissan's board is set to meet next week to consider proposals from Renault to address a sticking point in talks to restructure the alliance between the two automakers, two people with knowledge of the matter said.
If Renault's proposals address Nissan's concerns about its technology, the two sides would be closer to an agreement on the framework for a restructured partnership, although key issues remain, including Nissan's potential investment in Renault's new electric vehicle business, code-named Ampere, the sources said.
Renault has separately negotiated a non-binding agreement with Chinese automaker Geely to launch a new joint venture that would supply combustion engines and hybrid technologies to both brands and potentially other automakers. Nissan holds 15 per cent of Renault and does not hold voting rights. Renault's dominance in the alliance has been a source of contention for many executives at the Japanese automaker who have complained that the relationship was unbalanced.
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