Nissan, Renault near deal on alliance restructuring

Nissan, Renault near deal on alliance restructuring

FILE PHOTO: The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. REUTERS/Valentyn Ogirenko

Nissan Motor Co and Renault SA are moving towards an agreement that involves sweeping changes to their two-decade-old automaking alliance and will release a statement on Monday, two people familiar with the matter said.

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