By the middle of December, Renault and Nissan hope to announce a possible deal on a restructured alliance, according to sources close to the negotiations.Negotiators from both automakers plan to meet in December in London to finalize the terms, according to Reuters.
Jean-Dominique Senard, chairman of Renault, stated earlier this week that he was "confident" that his company and Nissan will reach a final agreement to restructure the shattered alliance that nearly broke apart after Carlos Ghosn's arrest.Ghosn is still hiding in Lebanon's capital, Beirut.
According to people with knowledge of the ongoing negotiations, Renault wants Nissan to invest in its EV business, Ampere.Nissan, on the other hand, wants Renault to let go of some of its 43 percent stake in Nissan.The objective is greater equality within the alliance, which is important to Nissan.Nissan currently has no voting rights and a 15% stake in Renault.Nissan wants this disagreement, which has been going on for years, resolved once and for all in good faith.
The sharing of intellectual property is yet another crucial issue that requires resolution.Evidently, it's a critical wellspring of worry for Nissan following Renault and Chinese automaker Geely arriving at a non-official understanding half a month prior to sending off another joint endeavor.
Technology for the Ariya, a new electric vehicle, does not appear to be wanted by Nissan outside the alliance.Although Mitsubishi, the third arm of the alliance, is also involved in the negotiations, it has less influence because it is a much smaller automaker than its partners.Delegates from each of the three automakers declined to comment on the report. Legal and regulatory reviews are other issues that need to be resolved.
Both are necessary for upcoming laws, like the decision made in Europe to prohibit the sale of combustion engines beginning in 2035.Additionally, Mitsubishi must decide whether to invest in Ampere.However, Nissan and Renault are unlikely to reach an agreement until they have resolved all outstanding issues.
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