TOKYO — Japanese automaker Nissan Motor and its French partner Renault have reached an agreement to reduce the latter’s stake in Nissan, Nikkei learned Monday.
Nissan said in a statement that “it has reached an important milestone in its discussions with Renault Group on defining new foundations for their partnership,” confirming Nikkei’s earlier report. The two companies will discuss the draft agreement at meetings of their respective boards, which have yet to be set.