Nissan and Renault are closing in on a sweeping overhaul of their globe-spanning automaking alliance as top executives meet on Thursday for talks to reset the two-decade-old partnership and chart a course for an uncertain electric future.
are meeting via video link for an alliance board meeting, sources previously told Reuters. They opted for that format - rather than having Renault CEO Luca de Meo and Chairman Jean-Dominique Senard travel to Japan - because the talks have been progressing well, the sources said.
The talks have been ongoing for months and have centred particularly on issues such as the sharing of intellectual property. A formal announcement from the companies could come as early as Feb.1, Reuters has reported. The future shape of the Franco-Japanese alliance has implications for both companies as well as their junior partner, Mitsubishi Motors Corp
. It also highlights how the immense technological upheaval in the auto industry is forcing companies to both partner and compete with a dizzying number of newcomers and tech firms. Renault, for instance, has said it will partner with companies from China's Geely Automobile Holdings
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