By Kosaku Narioka
Nissan Motor Co. plans to invest up to a 15% stake in Renault SA's new electric-vehicle company, Ampere, the auto makers said Monday as they formally announced the alliance's reorganization.
The French-Japanese auto alliance said member Mitsubishi Motors Corp. will also consider investing in Ampere.
The auto makers said that Renault will transfer 28.4% of Nissan shares into a French trust, and that Nissan and Renault will retain a 15% cross-shareholding.
The French auto maker said last Monday that it had agreed to reduce its stake in Nissan to 15% from 43% currently, subject to the approval of the two companies' boards.
Nissan holds a 15% stake in Renault.
The alliance's new initiatives include operational projects in Latin America, India, Europe, they said Monday.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
02-06-23 0336ET