Renault-Nissan strikes deal to end French power struggle: Report

Sajjad Hussain | AFP/Getty Images)

Renault and Japanese affiliate Nissan struck a deal with France to end an eight-month dispute over the state's increased influence on their carmaking alliance, sources with knowledge of the matter said following a Renault board meeting on Friday.

A pair of agreements, drawn up ahead of the five-hour board meeting, will cap France's vote on non-strategic shareholder resolutions at Renault, while offering other guarantees to Nissan against interference in its management, sources told Reuters earlier.

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