Under the framework, the Japanese automaker would take as much as 15% of Renault's new electric vehicle unit, Ampere, while Renault would reduce its 43% stake in Nissan.
That timeline was extended when senior Nissan executives and some directors challenged detailed provisions of deal, citing the need to better protect Nissan's intellectual property, Reuters has reported.
Nissan executives sought to rebalance the alliance built by former Chairman Carlos Ghosn after his ouster sent the automaker into turmoil.
While the size of the investment ultimately hinges on the value of Ampere, Nissan is likely to take less than 10%, one of them said.
By closing out the restructured Renault deal, Nissan executives have the opportunity to pivot to other challenges, including a medium-term strategy update and a change in approach to China, where Nissan's sales, and those of other global automakers, are in decline.
Persons:
Ampere, Carlos Ghosn, Makoto Uchida, Ashwani Gupta, Gupta, Maki Shiraki, Daniel Leussink, Kevin Krolicki, David Dolan, Christian Schmollinger, Sharon Singleton
Organizations:
Renault, Nissan finalise, Nissan, TOKYO, Reuters, Mitsubishi Motors, Qualcomm, Mitsubishi, Thomson
Locations:
U.S, China