The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020.

REUTERS/Valentyn Ogirenko RENA +4.91% Add to/Remove from Watchlist TSLA -6.32% Add to/Remove from Watchlist VOWG_p -1.59% Add to/Remove from Watchlist NSANY -1.85% Add to/Remove from Watchlist RNLSY +5.26% Add to/Remove from Watchlist (Reuters) - Nissan (OTC: ) Motor Co Ltd is pressing partner Renault SA (OTC: ) to cut its stake in the Japanese automaker and revamp their more than 20-year-old alliance, the Wall Street Journal said on Friday, citing people with knowledge of the talks.

Their talks cover the question of whether Nissan will join Renault's new unit being set up to its house electric vehicle (EV) assets in exchange for its French ally winding down the Nissan stake, the paper said.

It expects to unveil a detailed blueprint for the new EV entity this autumn.

Renault and Nissan did not immediately respond to Reuters' request for comment outside normal working hours.
Source: Investing.com
#Nissan