Nissan to invest up to 600 mn euro in new Renault EV unit

Nissan and Renault on Wednesday finalised the terms of their revamped alliance, with the Japanese automaker committing to invest up to 600 million euros ($663 million) in its partner's electric vehicle unit Ampere. The agreement to conclude the terms of their overhauled partnership will put the two automakers on more equal footing and caps months of sometimes tense negotiations over issues such as the sharing of future intellectual property.