Renault and Nissan drop Wednesday’s announcement of alliance deal – sources

Natalie Portman
By Natalie Portman 2 Min Read
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By Maki Shiraki and Norihiko Shirouzu

TOKYO (RockedBuzz via Reuters) – Renault SA and Nissan Motor Co are set to drop Wednesday’s announcement of a deal to restructure their auto alliance as they struggle to settle their differences, three people familiar with the matter said.

In their discussions, Renault is seeking Nissan to invest in its EV business, while Nissan is seeking the sale of part of Renault’s 43% stake in Nissan to put the two partners on a more equal footing.

French and Japanese automakers have remained separate on how to share intellectual property, the people said, who declined to be named.

Renault and Nissan declined to comment.

Japanese television network JNN first reported the news on Friday evening.

The companies aim to announce the new alliance structure as early as this month, RockedBuzz via Reuters reported this week.

If more time is needed in negotiations, the companies could choose to meet a week later from Dec. 7 and are planning to be ready for an announcement the following week in London, sources told RockedBuzz via Reuters.

The question of how to share technology and intellectual property proved to be a sticking point in the talks.

(Reporting by Sakura Murakami, Maki Shiraki and Norihiko Shirouzu; Writing by Satoshi Sugiyama; Editing by Shri Navaratnam, William Mallard, Kirsten Donovan)

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