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

Published 07/18/2023, 03:28 AM
Updated 07/18/2023, 03:30 AM
© Reuters. FILE PHOTO: Fugitive former car executive Carlos Ghosn, gestures before an interview with Reuters in Beirut, Lebanon June 14, 2021. REUTERS/Mohamed Azakir/
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TOKYO (Reuters) - Former Nissan (OTC:NSANY) Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault (EPA:RENA) are trying to go for "very small and reduced" cooperation between them with a deal to overhaul their long-standing alliance.

© Reuters. FILE PHOTO: Fugitive former car executive Carlos Ghosn, gestures before an interview with Reuters in Beirut, Lebanon June 14, 2021. REUTERS/Mohamed Azakir/

"With the latest agreement, they're trying to go for a mini alliance with a very reduced scope of cooperation," Ghosn told reporters in Tokyo via video stream.

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.

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