FILE PHOTO: The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. French car firm Renault (EPA: ) owns about 43% of Nissan (OTC: ), while the Japanese firm owns 15% of its top shareholder, but without voting rights. In June, Nissan revealed for the first time some details of its alliance pact with top shareholder Renault that keep the latter from unilaterally increasing its stake beyond 44.4%. Their talks cover the question of whether Nissan will join Renault's new unit being set up to house its electric vehicle (EV) assets in exchange for its French ally winding down the Nissan stake, the paper said. Renault declined to comment on the report, while Nissan did not immediately respond to Reuters' request for comment outside normal working hours.

Source: Wall Street Journal October 08, 2022 12:00 UTC