Nissan, Renault Near Potential New Deal
Automakers meanwhile negotiating terms.
In the ongoing talks, Renault is aiming for Nissan to invest in its electric vehicle business.
IMAGE: Renault
Nissan and Renault are close to unveiling a potential restructured alliance as they continue negotiations, Reuters reported.
The two automakers could announce a deal next month, several people close to the negotiations told the news agency.
Renault Chairman Jean-Dominique Senard expressed confidence this week that the company and Nissan will reach an agreement.
In the ongoing talks, Renault is aiming for Nissan to invest in its electric vehicle business, and Nissan wants Renault to sell part of its approximately 43% stake in Nissan to give the latter more equal footing, Reuters has reported. The latter negotiation item has long been a sticking point between the two. Nissan has a 15% stake in Renault and no voting rights.
READ MORE: Renault SA and Nissan Negotiate Partnership Overhaul
Originally posted on Auto Dealer Today
More Industry
World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →