Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal

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“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.