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© Reuters. FILE PHOTO: Fugitive former car executive Carlos Ghosn, gestures before an interview with Reuters in Beirut, Lebanon June 14, 2021. REUTERS/Mohamed Azakir/
TOKYO (Reuters) – Former Nissan (OTC:) Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault (EPA:) are trying to go for “very small and reduced” cooperation between them with a deal to overhaul their long-standing alliance.
“With the latest agreement, they’re trying to go for a mini alliance with a very reduced scope of cooperation,” Ghosn told reporters in Tokyo via video stream.
Nissan and Renault are holding discussions about a final agreement to overhaul their alliance, after announcing in January that the deal will see Renault bring down its stake in Nissan to 15% from about 43% to put them on an equal level.
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