Renault, Nissan in talks that could reshape autos alliance

PARIS/TOKYO, Oct 10 (Reuters): Renault and Nissan said on Monday they were in talks about the future of their alliance, including the Japanese automaker considering investing in a new electric vehicle venture by its French partner.
The talks, which could prompt the biggest reset in the alliance since the 2018 arrest of longtime executive Carlos Ghosn, have included consideration of Renault selling some of its Nissan stake, two people with knowledge of them said.
Negotiations are expected to continue ahead of a Renault investor presentation in early November, when the French carmaker is expected to give an update on its new EV unit, which is code-named "Ampere".
Renault owns about 43 per cent of Nissan, which in turn has a 15 per cent stake in its long-term partner, in which the French state also has a 15 per cent holding.
Shares in Renault rose by as much as 6 per cent in early trading, making the stock the best performer on France's benchmark CAC-40 equity index. They were up 3.54 per cent.