Renault board backs plans to reshape alliance with Nissan – source

FILE PHOTO: The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv

LONDON (Reuters) – Renault’s board voted in favour on Sunday to reshape the French carmaker’s alliance with its Japanese partner Nissan, a source said.

The agreement, which will retool the two-decade-old alliance, still needs backing from Nissan’s board before it is formally unveiled on Monday in London.

(Reporting by Gilles Guillaume, editing by Leigh Thomas and Diane Craft)

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