Renault SA open to reducing stake in Nissan Motor in carve-out talks

Renault SA is open to reducing its stake in Nissan Motor Co. as the partners bargain over the French automaker’s plan to split its electric-car and combustion-engine vehicle assets, according to people familiar with the discussions. 
 

Executives have discussed Renault’s carve-out plan and reshaping the pair’s two decade-old alliance since February during meetings in France and Japan. Negotiations are intensifying, with the French carmaker planning to announce details in early November. Renault Chief Executive Officer Luca de Meo is due to attend the Formula 1 race in Suzuka, central Japan, on Sunday, giving him an opportunity to speak with Nissan