BEIJING/TOKYO : Nissan Motor Co's concerns about technology transfers have complicated its partner Renault's plans to sell a large stake in its gasoline-engine business to China's Geely, three people familiar with the talks said.
Investors will be looking for details on the state of play for both sets of negotiations on Tuesday when Renault Group Chief Executive Luca de Meo delivers an update on the French automaker’s strategy and financial projections. In addition, the separate question of potential technology transfers to a Chinese company needs to be treated cautiously, they said.
Discussions between Renault and Nissan were underway in Paris last week and de Meo and his Nissan counterpart, Makoto Uchida, have been talking every weekend, Uchida told Reuters last week.