Renault and Nissan forgo Dec. 7 announcement of recent deal -JNN By Reuters

© Reuters. FILE PHOTO: The logos of automobile producers Nissan and Renault are pictured at a dealership Kyiv, Ukraine June 25, 2020. REUTERS/Valentyn Ogirenko/File Photograph

TOKYO (Reuters) – Automakers Renault (EPA:) and Nissan (OTC:) are set to forgo an announcement on Dec. 7 of a brand new deal on their restructured alliance as they wrestle to bridge their variations, Japanese TV community JNN reported on Friday.

Either side are concerned in discussions to restructure their alliance. Renault is seeking to Nissan to put money into its EV enterprise, whereas Nissan is searching for the sale of a part of Renault’s 43% stake in Nissan to place the 2 companions on a extra equal footing.

The 2 events determined to forgo an announcement on Dec. 7 as they’d not reached an settlement as of Friday on the way to share mental property, JNN mentioned.

There are not any new plans on when to make an announcement, the reported added. It was not clear from the report whether or not JNN was citing a single supply or a number of sources.

Neither Renault nor Nissan instantly responded to a request for remark.

Reuters beforehand reported that each events had raised Dec. 7 as a attainable date for an announcement of the brand new alliance construction.

The query of the way to share know-how and mental property has proved to be a sticking level within the talks.