Nissan and Renault finalised a restructuring of their relationship on Wednesday, with the Japanese carmaker’s chief executive saying the growing challenge in China had been “a wake-up call” for rebooting the troubled alliance as the industry makes a seismic shift to electric vehicles.
The two companies pledged to “put their past behind” as they completed a long-delayed deal to rebalance their capital relationship in exchange for Nissan investing up to €600mn in Renault’s new division for housing its EV and software technology.
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