Renault and Nissan sign another deal

Automakers Renault and Nissan formalized their restart of a relationship that had become rocky, culminating in the spectacular downfall of top executive Carlos Ghosn, who had led successful turnarounds at both companies before his arrest for financial misconduct and daring escape.

The boards of both companies approved balancing each automaker’s stake in the other to 15 percent, bringing better balance in the Franco-Japanese alliance, which includes smaller Japanese automaker Mitsubishi Motors. Renault and Nissan sign another deal

Fry Electronics Team

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