The two companies are in talks about strategic cooperation in markets, products and technologies, according to a joint statement released Monday by Renault.
Nissan is considering investing in a new Renault electric car business. There was earlier speculation that Renault could significantly reduce its Japanese stake. There have been disagreements between the companies in recent years, especially after the scandal surrounding ex-Renault and Nissan boss Carlos Ghosn came to the brink of alliance.
Renault is currently considering decoupling the electric car division from the group as a whole. With Nissan’s investment in the business, the interdependence between the French and the Japanese will not necessarily increase: Renault is open to significantly reducing its own stake in Nissan, as Bloomberg news agency reported, citing knowledgeable folks.
Renault owns a 43 percent stake in Nissan. Nissan, like the French state, owns 15 percent of Renault’s shares. According to the information obtained, Nissan is said to have pressured Renault to reduce its stake to 15 percent of Nissan’s shares.
Renault shares initially rose 4.5 percent in Paris to 32.05 euros. At the top, papers were more expensive than they had since the price drop in February after the outbreak of the Ukrainian war.
(SDA)