#Renault and #Nissan hammer out historic deal to salvage alliance, both sides that the partnership can survive without its former supremo, #Carlos_Ghosn.

#Renault will transfer the other 28.4% of its #holding to a trust which will not enjoy #voting rights in a broad range of issues.

bringing it in line with #Nissan's stake in #Renault, and signaling a more even partnership between the two.

Under the deal hammered out by the two, #Renault will cut its stake in #Nissan to 15% from 43%,

the result of a years-long power #struggle between the two that featured the arrest and flight of former #Renault #CEO Carlos Ghosn.

Also likely to be in focus are #Nissan #ADRs (#OTC:#NSANY), after the #Japanese carmaker announced a rebalancing of its alliance with #Renault (#EPA:#RENA),

#Nissan and #Renault rebalance their alliance, oil is rising despite signs of speculative demand, and U.S. supply slowing.

#Renault #China boss is making super-premium #EVs that monitor your health