PARIS (Reuters) -- Automakers Renault and Nissan Motor said on Monday they had agreed to further amend their two-decade-old partnership to allow for a reduction in their cross-shareholdings in a move aimed at helping Nissan's recovery.
The change in terms, lowering the required shareholding to 10% from 15% previously, comes a day before Ivan Espinosa takes over as CEO of the struggling Japanese carmaker, under pressure to significantly boost its competitiveness.
