Nissan is attempting to modify the terms of its alliance with Renault and possibly end the latter’s control, two sources told Reuters. The Japanese manufacturer also seeks to block French government interference in their alliance.
Nissan wants limits to state voting rights in Renault as well as written guarantees against intervention in its operations by the French carmaker, which owns 43.4% of Nissan. Nissan currently owns a non-voting 15% stake in Renault, but would like to increase that to at least 25% and activate voting rights.
The two sides are working to find a happy middle ground on which a new agreement could be based, hopefully before December 11th when Renault's board is due to decide on a response to the French government power grab.