- 'Dark day': Victims mourned around the globe on Oct. 7 anniversary
- Mission to probe smashed asteroid launches despite hurricane
- Oil prices extend gains on Mideast tensions, Wall Street slips
- Europe's asteroid mission Hera launches despite hurricane
- Oil prices extend gains on Mideast tensions, Wall Street retreats
- What is microRNA? Nobel-winning discovery explained
- Weather may delay launch of mission to study deflected asteroid
- China to flesh out economic stimulus plans after bumper rally
- Asian markets track Wall St rally on US jobs data
- World marks anniversary of Oct. 7 attack on Israel
- Asian markets track Wall St rally on jobs data
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- Tunisia incumbent Saied set to win presidential vote: exit polls
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Two elephants die in flash flooding in northern Thailand
- Tunisia votes with Saied set for re-election
- Too hot by day, Dubai's floodlit beaches are packed at night
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- US trade chief defends tariff hikes when paired with investment
- EU court blocks French ban on vegetable 'steak' labelling
- Meta AI turns pictures into videos with sound
- US dockworkers return to ports after three-day strike
- DR Congo to begin mpox vaccination campaign Saturday in east
- Meta must limit data use for targeted ads: EU court
- Oil extends gains, jobs report lifts Wall Street
- US hiring soars past expectations in sign of resilient market
- As EU targets Chinese cars, European rivals sputter
- Top EU court finds against FIFA in key transfer market ruling
- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
- Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge
- Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
- Hera spacecraft to probe asteroid deflected by defence test
- US dockworkers to head back to work after tentative deal
- After Helene's destruction, North Carolina starts to rebuild
- Dockers end three-day strike at Montreal port
- What next for OpenAI after $157 billion bonanza?
- Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
- Milan's Morata moves house after Inter-fan town mayor 'violates' privacy
- 'Devastating' storm hits Augusta National but Masters will go on
- Relief in Brazil, Asia over delay to EU deforestation rules
- Oil prices jump, stocks fall on Middle East tensions
- Biden says 'discussing' possible Israeli strikes on Iran oil facilities
- Oil prices rise, stocks fall on Middle East tensions
- Oil rallies, stocks mostly retreat on Middle East tensions
CMSC | -0.2% | 24.65 | $ | |
CMSD | -0.09% | 24.79 | $ | |
BTI | -0.13% | 35.245 | $ | |
SCS | -0.89% | 12.855 | $ | |
RBGPF | -1.97% | 58.94 | $ | |
NGG | -1.42% | 65.57 | $ | |
RYCEF | -1.45% | 6.88 | $ | |
RIO | -0.23% | 69.54 | $ | |
AZN | -0.4% | 77.165 | $ | |
GSK | 0.05% | 38.84 | $ | |
BCC | 0.61% | 139.755 | $ | |
JRI | -0.24% | 13.248 | $ | |
BP | 0.74% | 33.125 | $ | |
VOD | 0.26% | 9.685 | $ | |
RELX | -0.55% | 46.035 | $ | |
BCE | -0.42% | 33.57 | $ |
Renault touts 'warm' Nissan ties as pair review alliance
There is a "warm atmosphere" within the Renault-Nissan alliance and a deal regarding its future will be announced "in due time", the French carmaker's chairman said Tuesday.
The auto giants are in talks over a potentially drastic reshaping of their sometimes rocky 23-year union.
Nissan currently owns 15 percent of Renault, but Renault owns 43 percent of Nissan -- a power imbalance that has long bothered the Japanese company.
While the discussions are behind closed doors, a source close to the matter told AFP that they involve a rebalancing of the cross-shareholding arrangement, and a possible Nissan investment in Renault's new electric vehicle venture.
But concerns over issues such as the sharing of EV intellectual property have delayed an announcement, according to the source.
On Tuesday, Renault chair and alliance boss Jean-Dominique Senard sought to reassure reporters in Tokyo that the "warm atmosphere" within the alliance "bodes well" for its future.
"Confidence and trust have never been as high" between the pair and their smaller partner Mitsubishi Motors since he took charge of the three-way alliance almost four years ago, Senard said.
Any deal on a new shareholding agreement will be unveiled "in due time", he added after giving a speech at an international financial forum.
Renault and Nissan joined forces in 1999, when the French company rescued the Japanese carmaker from bankruptcy.
Relations between the pair have not always been smooth, however, and were thrown into further disarray by the shock 2018 arrest of tycoon alliance boss Carlos Ghosn.
This month, Renault announced it will split its operations in two -- a new electric vehicle business called Ampere and a separate subsidiary for petrol, diesel and hybrid cars that will pair up with China's Geely.
Renault has yet to outline the part that Nissan will play in the new electric division, but its joint venture with Geely is reportedly raising questions in Japan about future technology transfers to the Chinese carmaker.
L.Peeters--CPN