Renault-Nissan management 'hatches plan to lower French government control'


Japanese media report Renault plans to lower its stake in the alliance to give Nissan voting rights and counter French state's 19.7% shareholding.

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Renault and Nissan have entered discussions to reorganize their capital alliance structure in a bid to water down Paris's control of the French automaker, according to Japanese business daily Nikkei, reports Channel News Asia.