A person with knowledge of the situation stated that the independent directors of Nissan Motor Co. have consented to move through with a proposal to rebalance the Japanese automaker’s 20-year partnership with Renault SA.
The person, who asked to remain anonymous because the specifics aren’t yet available, said that final negotiations are underway for Renault to reduce its stake in the Japanese automaker and for Nissan to invest in Renault’s planned electric-vehicle carveout, code-named Ampere.
The goal is to conclude talks this month before making a formal announcement. The timing was covered by the Yomiuri newspaper earlier on Tuesday.
This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.