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Renault, Nissan boards agree to equalize mutual stakes

Automakers Renault and Nissan on Monday formalized their reboot of a relationship that had grown rocky, culminating in the spectacular fall of top executive Carlos Ghosn, who had led successful turnarounds at both companies before his arrest and daring escape.

Makoto Uchida CEO of Nissan, left, Luca de Meo CEO of Renault Group, centre, and Takao Kato CEO of Mitsubishi Motors, right, during a Renault Nissan Mitsubishi press conference in London, on Feb. 6, 2023. (Kirsty Wigglesworth / AP)