Nissan says talks with Renault focused on EV investment

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Nissan and Renault said last month they were in discussions about the future of an alliance founded in 1999 when Renault took a stake in Nissan and helped drive a turnaround for the Japanese company under former CEO-turned fugitive Carlos Ghosn.

Negotiations with Renault, also Nissan's top shareholder, have less than two weeks left to meet a November 15 target the automakers had set to reach a deal, according to people with knowledge of the talks.

But he said he was talking with Renault chief executive Luca de Meo every weekend and the talks would be"ongoing for the future." "The discussion we are having is about how to make our competitiveness even stronger," Uchida said."That's number one." "We want it to be an equal partnership," Uchida said, adding that an"equal partnership would make sense and that would speed up the collaboration even more."Renault is splitting off its electric vehicle business, code-named"Ampere", from its legacy internal combustion engine business, code-named"Horse", as it plays catch-up in the shift to electric vehicles led by US rival Tesla.

 

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