PARIS — The French state helps a reshaping of the Renault-Nissan alliance and won’t oppose a rebalancing of the fairness stakes the 2 carmakers maintain in one another, Les Echos reported on Tuesday.
Les Echos, citing unnamed sources, reported that French President Emmanuel Macron made the assurances to Japanese Prime Minister Fumio Kishida throughout talks between the 2 leaders in Paris on Monday.
The Elysee didn’t instantly reply to a request for remark. Renault declined to remark.
In their negotiations, which concentrate on how one can retool a long-standing alliance between the 2 carmakers, Renault is hoping to persuade Nissan to put money into its electrical car enterprise, whereas Nissan is looking for the sale of a part of Renault’s stake in Nissan to place the 2 companions on a extra equal footing.
The French state is Renault’s largest shareholder with a stake of 15 %. Renault in flip is Nissan’s largest shareholder with a 43 % stake, way more than Nissan holds within the French carmaker.
“There is no longer any major blockage,” Les Echos quoted a supply near the matter as saying. “It is only a question of reassuring the various actors that the two governments are on board.”
According to 2 sources cited by the newspaper, French Finance Minister Bruno Le Maire despatched an in depth letter to his Japanese counterparts to substantiate Paris’ help for this reshaping of the alliance.
Source: europe.autonews.com