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Radio France Internationale
Radio France Internationale
National
Michael Fitzpatrick

French carmaker Renault slashes stake in Japanese partner Nissan

Chez Renault (photo) comme chez Nissan, de nombreuses suppressions d'emplois sont à prévoir. ERIC PIERMONT / AFP

French automobile company Renault is to trim its holding in Japanese partner Nissan as part of a deal rebalancing the troubled alliance between the two companies. The deal will also see Nissan take a stake in Renault's new electric vehicle venture Ampère.

The agreement comes after months of negotiations.

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