(Bloomberg) -- Renault SA and Nissan Motor Co.’s boards are set to greenlight a landmark deal to reshape their troubled two-decade alliance just hours before an official event unveiling more details of the plan, according to people familiar with the situation.Most Read from Bloomberg8,000 Layoffs Don’t Exactly Scream Family ValuesNational Archives Releases Records Tied to Trump Classified DocumentsAdani Stock Crash at $92 Billion as Collateral Worries GrowIntel Slashing CEO, Managers’ Pay in a B
Here is how RENAULT (RNLSY) and Volkswagen AG Unsponsored ADR (VWAGY) have performed compared to their sector so far this year.
TOKYO (Reuters) -Shares of Nissan Motor Corp rose in Tokyo on Tuesday, after the Japanese automaker and its French partner Renault SA announced a sweeping overhaul of their two-decade-old alliance putting them on equal footing. Under the deal announced on Monday, Nissan and Renault will now hold 15% stakes in each other, and Nissan will get voting rights with its stake. Previously, Renault held around 43% of the Japanese automaker and Nissan did not have voting rights.