Renault-Nissan peace deal dilutes French state's power


Renault's board approves capping French state's increased weight in shareholder votes and to abandon Renault's right to control Nissan strategy.

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The Renault-Nissan alliance has drawn a line under an eight-month power struggle with the French government, with a compromise deal balancing increased state influence at Renault with weakened control over its Japanese affiliate, reports Reuters.