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(Reuters) - Carmakers Nissan Motor Co <7201.T> and Renault SA <RENA.PA>
are trying to reach a deal to reshape their global alliance, in
hopes of reviving Renault's merger talks with Italy's Fiat
Chrysler Automobiles NV <FCHA.MI>, the Wall Street Journal
reported on Friday, citing emails and people briefed on the
talks.
Nissan wants Renault to reduce its 43.4% stake in the Japanese
auto company, according to emails reviewed by WSJ.
The discussions, which are at an early stage, started soon after
the potential deal between Renault and FCA collapsed, the report
added. Talks could extend until the end of the year.
The negotiations could lead to an initial memorandum of
understanding on restructuring as early as September, the
Journal reported, citing emails.
Nissan and FCA said they had no comment on the WSJ report.
Renault was not immediately available for a comment.
FCA said in June that it had abandoned its $35 billion merger
offer for Renault, blaming French politics for scuttling the
deal. The French government owns a 15% stake in Renault.
Reuters had reported in June that a revival of the collapsed
merger plans of FCA and Renault may hinge on the French carmaker
cutting its stake in Nissan.
(Reporting by Rishika Chatterjee and Kanishka Singh in Bengaluru;
Editing by Sandra Maler)
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