Renault in final-stage talks to lower stake in Nissan to 15%

Renault SA is in the final-stage of talks with Nissan Motor Co. to lower its stake in its Japanese partner to 15 percent from the current 43 percent, sources close to the matter said Tuesday, in a major overhaul of their decades-old capital alliance.Renault Chief Executive Officer Luca de Meo plans to meet with Nissan CEO Makoto Uchida in Japan as early as Jan. 26, aiming to reach an agreement on the review of their capital alliance dating back to 1999, the sources said.The two automakers plan to reshape their alliance structure to bring their reciprocal stakes to an equal level at 15 perce…READ FULL ARTICLE