Renault and Nissan affirm talks over way forward for their alliance partnership

French carmaker Renault and its Japanese associate Nissan stated they have been holding “trustful discussions” about the way forward for their alliance, including that Nissan was contemplating investing in Renault’s future electrical automobile unit.

“The companies continue to drive structural improvements to ensure sustainable Alliance operations and governance. Any further communication will be done in due course by the Alliance members,” added Renault and Nissan in a joint assertion on Monday.

A supply aware of the matter stated Nissan was urgent its French associate to chop its stake within the Japanese automaker as a lot as attainable, ideally to fifteen%, and will take into account elevating funds to purchase again the shares.

Renault shares have been up 5% in early session buying and selling, making the inventory the most effective performer on France’s benchmark CAC-40 fairness index.