PARIS: Renault said on Friday that it had reached an agreement with its alliance partner Nissan and the French government to defuse tensions sparked by France raising its stake in the automaker.

The agreement, dubbed “alliance stability covenant”, caps the government’s ability to interfere in the affairs of the Renault-Nissan alliance in return for Nissan’s stock in Renault remaining without voting rights.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details