Renault, Nissan Confirm Talks for Potential Investment in Renault's Electric-Vehicle Unit
October 10 2022 - 3:54AM
Dow Jones News
By Pierre Bertrand
Renault SA and Nissan Motor Co. said Monday that they are in
discussions around initiatives concerning their partnership.
Under discussion is the possibility of an investment by Japanese
car maker Nissan into Renault's new electric-vehicle entity, they
said.
The Wall Street Journal reported Saturday that Nissan is
pressing Renault to sell a portion of its stake in the company as
part of a push to reorganize its more-than-two-decades-old alliance
with the French car company.
The negotiations include whether Nissan will join a new unit
Renault is creating to house its electric-vehicle assets in
exchange for the French car maker winding down its stake in Nissan,
the Journal reported.
Nissan and Renault said they are also discussing agreeing on
strategic common initiatives.
Further communication about the talks will be made in due
course, they said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 10, 2022 03:39 ET (07:39 GMT)
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