The two companies joined forces in 1999 and were later joined by Mitsubishi Motorsbut the union has not been without conflictespecially in recent years.
The source, who requested anonymity, stated that the directors of Nissan had “given the green light” to the pact, which paves the way for a “historic” agreement.
The final details of it are expected to be finalized during a meeting in Japan on January 26, when the agreement would be signed, which would be announced the following weekaccording to the source.
A Nissan spokeswoman declined to comment.alluding to “speculation”, but the Japanese newspaper Yomiuri Shimbun also reported that the two companies they were close to reaching an agreementand the Jiji news agency indicated that the Renault president was scheduled to travel to Japan this weekend.
Secondly, Nissan could invest in Renault’s new EV businessAmpere, although it is not yet known at what level he would do it.
Renualt rescued Nissan from bankruptcy in 1999forming an alliance that was disrupted in 2018 by the arrest of Nissan boss Carlos Ghosn, who stated that the process opened against him sought to prevent him from strengthening the alliance between the two firms.
Mitsubishi Motors joined the alliance in 2016, when Nissan acquired a 34% stake in its Japanese rival.
However, Renault should not sell its 28% stake in Nissan immediately after the agreement, as its current value is much lower than that registered in the accounts of the French manufacturer. In the first moment, these shares will be placed in a trust created especially for it.