Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal

Former Nissan Motor chair Carlos Ghosn said on Tuesday the Japanese carmaker and Renault are trying to go for “small and reduced” co-operation between them with a deal to overhaul their long-standing alliance.

“With the latest agreement, they're trying to go for a mini alliance with a reduced scope of co-operation,” Ghosn said.

Nissan and Renault are holding discussions about a final agreement to overhaul their alliance, after announcing in January that the deal will see Renault bring down its stake in Nissan to 15% from about 43% to put them on an equal level.