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Renault and Nissan overhaul partnership to help Nissan recover financially, adjusting stakes and investments.
Renault and Nissan have revised their partnership agreement to aid Nissan's financial recovery.
Renault will acquire Nissan's 51% stake in their Indian joint factory, reducing their cross-shareholdings from 15% to 10%.
Nissan will no longer invest in Renault's electric vehicle unit, Ampere, but Renault will continue to develop an electric version of the Twingo for Nissan to sell in Europe.
The changes aim to help Nissan, which saw a 93% drop in first-half net profit and an expected loss of over $500 million in 2024.
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Renault y Nissan renovación asociación para ayudar a Nissan recuperar financieramente, ajustando las apuestas e inversiones.