A Nissan board committee reviewed proposals from Renault and endorsed pressing ahead on final terms for a reshaped alliance with its French partner
on Monday and endorsed pressing ahead on final terms for a reshaped alliance with its French partner, two people with knowledge of the matter told Reuters.
The Nissan board-level review also marked progress after three months of working-level negotiations aimed at restructuring a partnership that dates back to 1999, when Renault bailed out Nissan. The Nissan outside directors, meeting in committee, endorsed steps to try to reach an agreement between the two sides, they said.Nissan declined to comment, while Renault did not respond immediately to a request for comment.from Renault, in a step that people involved in the discussion have viewed as progress toward a deal.
At the same time, Nissan is considering investing in a new electric vehicle company that Renault aims to establish code-named Ampere.
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