Renault, Nissan Are Said to Aim for Alliance Event in London
- Talks are ongoing while companies prepare for London meeting
- Possible deal could slip to 2023 if pact isn’t reached soon
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Renault SA and its Japanese partner Nissan Motor Co. aim to announce a deal to reshape their two-decades-old alliance as soon as Dec. 7 in London, according to people familiar with the situation.
Discussions with Nissan started earlier this year as Renault began work to carve out its electric-vehicle business, known as Ampere. Nissan may invest $500 million to $750 million for a stake of about 15% in Ampere, but the agreement hinges on a wider deal that would see Renault lower its own 43% stake in Nissan to about 15% over time, Bloomberg News has reported.