Nissan, Renault near 'historic' rebalancing of alliance: source

Nissan and Renault are nearing a “historic” rebalancing of their auto alliance, with a deal likely to be announced in the coming weeks, a source close to the talks said Tuesday.

The Japanese and French giants have been wrestling with a reshaping of their partnership for months, with discussions including a reduction of Renault’s hefty 43.7 percent stake in Nissan.