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Renault’s talks with Geely complicated by Nissan concerns -sources

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Renault’s talks with Geely complicated by Nissan concerns -sources: Nissan Motor Co's concerns about technology transfers have complicated its partner Renault's plans to sell a large stake in its gasoline-engine business to China's Geely, three people…

Renault is pursuing a complex two-pronged restructuring. On one hand, it is aiming to revamp its alliance with Nissan and convince the Japanese automaker to invest in a new electric car unit called Ampere.

Investors will be looking for details on the state of play for both sets of negotiations on Tuesday when Renault Group Chief Executive Luca de Meo delivers an update on the French automaker’s strategy and financial projections.

Source: News Formal (newsformal.com)

 

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