Renault and Nissan hammer out historic deal to salvage alliance
by Financial Times from Ars Technica - All content on (#68BQR)
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Renault and Nissan have hammered out a historic deal to salvage their troubled 24-year-old alliance and convince both sides that the partnership can survive without its former supremo, Carlos Ghosn.
The hard-fought agreement creates a pathway for the carmakers to restore a working level of trust and resume cooperation in select technical areas after the disruption and internal rows that followed the arrest of Ghosn more than four years ago.
Under the deal, which has yet to be formally approved by the Nissan board, the carmakers have agreed to equalize their stake-holdings in each other, removing a source of tension that has dogged the relationship since its inception.