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

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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.