The Japanese company Nissan Motor has begun negotiations with the French Renault to revise the terms of the bilateral alliance that has existed since 1999 - Nissan considers it unequal, the Tokyo newspaper Nikkei reports.
The issue is being discussed during a visit to Japan by Renault CEO Luca de Meo, which began on 9 October.
Now Renault has a 43% stake in the Japanese partner. Nissan Motor owns only a 15% stake in the French company and has no right to influence its decisions.
According to Reuters, citing its sources, the Japanese want Renault to reduce its participation in the capital of Nissan to 15%. Nissan is ready to buy out most of the stake from the French.
"The companies continue to move towards greater sustainability of operations and alliance management," they said in a joint statement.
In parallel, Nissan is considering investing in Renault's future electric car division.
Recall that the Renault-Nissan alliance has existed since 1999, it was created on the initiative and under the leadership of the then head of the French concern Carlos Ghosn. Mitsubishi Motors joined the union in 2016.
Renault and Nissan renegotiate terms of their alliance
