Renault and Nissan agreed to tweak their 25-year partnership, opening the door to further share sales as Nissan continues to work through an extensive efficiency plan. The deal outlined Monday lowers the minimum required voting stake they must hold in each other to 10%,

Automakers Renault and Nissan said on Monday they had agreed to further amend their long-standing partnership to allow for a reduction in their cross-shareholdings to 10%, down from 15% previously.

Renault SA and Nissan Motor Co. updated their long-term alliance, paving the way for more share sales as the Japanese automaker remains under pressure to shore up its finances.

Renault Group will acquire Nissan's 51% stake in their joint venture in India, Renault Nissan Automotive India Pvt Ltd, becoming the sole owner. This

Automakers Renault and Nissan said on Monday they had agreed to further amend their partnership, adding the possibility for each side to reduce their cross-shareholdings to 10 per cent, down from 15 per cent previously.

By Gilles Guillaume PARIS (Reuters) -Automakers Renault and Nissan said on Monday they had agreed to further amend their two-decade-old partnership to allow for a reduction in their cross-shareholdings in a move aimed at helping Nissan's recovery.