Renault deal disappoints investors eyeing reforms

Paris

THE Renault-Nissan alliance drew a line under an eight-month power struggle with the French government, with a compromise deal balancing increased state influence at Renault with weakened control over its Japanese affiliate.

The agreement, offering Nissan guarantees against future interference by parent Renault or its own biggest shareholder, the French state, came as a relief to Renault staff while disappointing some investors who had hoped for bigger changes to the 16-year-old carmaking alliance.