- Renault ADR RNLSY is exploring several options on the future of its relationship with its Japanese partner, Nissan Motor Co Ltd NSANY.
- In a joint statement released Monday, the two automakers confirmed engaging in discussions around several initiatives.
- Some of the points in the discussions include an agreement on a set of strategic common initiatives across markets, products, and technologies.
- Also Read: Renault Claims To Accomplish EV Goals Well In Advance
- The talks include Nissan’s consideration of investing in the new Renault EV entity, one of the strategic steps towards Nissan Ambition 2030.
- “The companies continue to drive structural improvements to ensure sustainable Alliance operations and governance,” the statement added.
- “Any further communication will be done in due course by the Alliance members.”
- Price Action: RNLSY shares closed higher by 5.26% at $6.00 on Friday.
- Photo Via Company
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read the original article
