Yahoo Finance

Renault and Nissan agreed to tweak their 25-year partnership, opening the door to further share sales as Nissan continues to work through an extensive efficiency plan. The deal outlined Monday lowers the minimum required voting stake they must hold in each other to 10%, from 15% currently, with Nissan also able to walk away from a previous commitment to invest up to 600 million euros ($649.7 million) in Renault’s Ampere EV business. Renault and Nissan’s long-standing alliance, which also includes Mitsubishi allows the companies to share technological expertise and benefit from common platforms and production.