TOKYO -- Nissan Motor and Renault will now take on the ever-stormy auto industry as equals, balancing out a 24-year-old capital relationship in which the French automaker owns 43% of its Japanese partner and Nissan holds a 15% stake in the French company.
Nissan-Renault alliance
Nissan, Renault redo partnership to tackle industry's challenges
After 24 years, new relationship forged to strengthen emerging market collaboration
As part of the agreement, Renault will reduce its stake in Nissan to 15%. © Reuters
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