--Auto makers Renault SA and Nissan Motor Co. are closing in on a deal that would lower the French company's uneven voting rights in its Japanese partner as the pair look to ensure their alliance continues, the Financial Times reports, citing unnamed sources.

--Under the deal, Renault's stake in Nissan would fall to 15%, equivalent to Nissan's own stake in Renault, the FT reports. As previously mooted by the two companies, it would also see Nissan invest in Renault's new electric-vehicle business, the newspaper says.

--An agreement could be reached in the coming weeks, the FT reports.

 

Full story: https://on.ft.com/3gsP7HZ

 

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

 

(END) Dow Jones Newswires

October 21, 2022 03:11 ET (07:11 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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