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.
Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal
Image: Vincent Isore/IP3/Getty Images
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.
READ MORE:
One-off Koenigsegg CCGT GT1 Competition Coupé sells for R78m
GM can't build or deliver new vehicles fast enough
Fuel price hikes on the cards for August, cautions AA
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most read
Latest Videos