Britain must shift to economic “war footing” with a wave of reform or risk being left behind by President Joe Biden's massive programme of subsidies, business leaders will warn on Tuesday.
Renault SA has taken big steps to simplify its complicated alliance with Japan's Nissan Motor Co, but still faces a tough road ahead to escape the conglomerate discount that has long dogged its shares. The retooled agreement, details of which were announced at a presentation in London on Monday, will see Nissan investing in a stake of up to 15% in Renault's new electric vehicle unit, Ampere. Renault, as previously announced, will cut its Nissan stake to 15% from around 43% now.
(Bloomberg) -- Renault SA and Nissan Motor Co. are finally done reshaping their complex relationship. The new status: better, but still complicated. Most Read from BloombergQuakes Kill 2,500 in Turkey and Syria; Millions Lose PowerTurkey’s South Hit by a Second High-Magnitude EarthquakeUS Moves to Recover Chinese Balloon While Weighing RetaliationDell to Cut About 6,650 Jobs, Battered by Plunging PC SalesChina Moves From Contrite to Confrontational Over US BalloonFollowing almost a year of discu