|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.02 - 7.11|
|52-week range||5.81 - 11.20|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||15.73|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||26 Sept 2019|
|1y target est||8.78|
TOKYO/PARIS (Reuters) -French car maker Renault and its Japanese partner Nissan Motor aim to formally unveil a deal to reshape their alliance in London on Feb. 6, two sources close to the matter told Reuters on Thursday. Leaders of the two companies met via video link for an alliance board meeting on Thursday following months of intense negotiations over how to reset their long-running partnership.
French carmaker Renault and its Japanese partner Nissan on Monday agreed to a sweeping reset of their two-decade alliance that will put them on equal footing. The partnership, which has grown to include junior member Mitsubishi Motors, was founded in 1999 and long dominated by former Renault and Nissan top executive Carlos Ghosn. It gave Nissan a 15% stake in Renault, on a par with the French state, but no voting rights.
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. Leaders of Nissan Motor Co Ltd and Renault SA are meeting via video link for an alliance board meeting, sources previously told Reuters. Renault is looking for the Japanese automaker to invest in its new electric-vehicle business while Nissan wants Renault, its top shareholder, to sell down its roughly 43% stake and put the 23-year alliance on a more equal footing.