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Nissan and Renault to Rebalance Power in Race for Electric Cars



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Two giant automakers tied in an uneasy alliance — Japan’s Nissan and France’s Renault — announced on Monday that they had struck a deal to make their relationship more equitable, ending a yearslong power struggle that contributed to the downfall of the alliance’s former leader, Carlos Ghosn.The agreement opens a path for the companies to increase cooperation in the growing market for electric vehicles, a critical area for the alliance as it seeks to respond to changing regulations and the challenges posed by upstart competitors like Tesla and China’s BYD, which have vaulted past traditional automakers in the race to meet consumer demand for battery-powered cars.Nissan said that the agreement was “an i …

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