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Renault, Nissan boards agree to equalise mutual stakes

The boards of Renault and Nissan gave their approval Monday to equalise the stake each automaker holds in the other, bringing a better balance in the French-Japanese alliance. Renault and Nissan agreed on an orderly sale of that stake, although there will be no deadline on it.The partnership will enter a new era, Senard said, by boosting common platforms and parts, as well as balancing the stakes the companies hold. ....

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