By Reuters
Published on
LONDON - A new deal to revive Renault's long-standing partnership with Nissan allows the French carmaker to regain some agility without losing the benefits of the alliance, Renault's CEO Luca de Meo said on Monday.
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The two car makers earlier gave details on the redesigned alliance, which will see Renault reduce its stake in Nissan Japanese partner to 15% from around 43% now.
On Monday, Nissan committed to buying a stake of up to 15% in Renault's electric vehicles unit Ampere, which is due to be listed on the market.
"I consider that what we have agreed is a much better set-up than what we have had in the last past few years," de Meo said in a presentation in London.
