Renault board backs plans to reshape alliance with Nissan, source says

The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv
The logos of car manufacturers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. REUTERS/Valentyn Ogirenko/File Photo

LONDON, Feb 5 (Reuters) - Renault's board (RENA.PA) voted in favour on Sunday to reshape the French carmaker's alliance with its Japanese partner Nissan (7201.T), a source said.

The agreement, which will retool the two-decade-old alliance, still needs backing from Nissan's board before it is formally unveiled on Monday in London.

Reporting by Gilles Guillaume, editing by Leigh Thomas and Diane Craft

Our Standards: The Thomson Reuters Trust Principles.

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