TOKYO Dec. 3 (BNA): Automakers Renault and Nissan are set to drop a Dec. 7 announcement of a new deal on their restructured alliance as they struggle to navigate their differences, Japanese television network JNN reported Friday.
Both sides are engaged in discussions to restructure their alliance. Renault is looking to Nissan to invest in its electric vehicle business, while Nissan is seeking to sell part of Renault’s 43% stake in Nissan to put the two partners on an equal footing, Reuters reports.
JNN said the two parties decided to forgo the Dec. 7 announcement because they had not reached an agreement as of Friday on how to share the intellectual property.
She added that there are no new plans for when to make an announcement. It is not clear from the report whether JNN cites a single source or multiple sources.
Neither Renault nor Nissan immediately responded to a request for comment.
Reuters reported earlier that both parties had set December 7 as a possible date for announcing the new alliance structure.
The question of how technology and intellectual property will be shared has proven to be a sticking point in the talks.
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