TOKYO -- Nissan Motor and French automaker Renault are still unable to finalize the terms of their new capital relationship, originally set to be completed by the end of March, as management turmoil on the Japanese side stalls progress.
Management issues on Japan side may have pushed talks past March deadline
Renault has provisionally agreed to reduce its stake in Nissan to 15% from 43%. © Reuters
TOKYO -- Nissan Motor and French automaker Renault are still unable to finalize the terms of their new capital relationship, originally set to be completed by the end of March, as management turmoil on the Japanese side stalls progress.