Renault, Nissan reboot auto alliance for post-Ghosn era

source: apnews

Automakers Renault and Nissan on Monday formalized their reboot

source: apnews 

The boards of both companies approved equalizing the stake each automaker holds in the other to 15%

source: apnews 

 bringing a better balance in the French-Japanese alliance

source: apnews 

Japanese carmaker Mitsubishi Motors Corp

source: apnews

The uneven shareholdings had been viewed at times as a source of conflict

source: apnews 

Until now, Renault Group of France owned 43.4% of Nissan Motor Co

source: apnews 

while the Japanese automaker owned 15% of Renault

source: apnews