Nissan Motor Co. on Wednesday appeared willing to have Renault SA of France buy an equity stake in the struggling automaker, saying specific conditions for the deal would hinge on further talks.
In a Wednesday morning statement released hours after Renault's proposal in Paris Tuesday to take a 35 percent stake in Japan's No. 2 automaker, Nissan said, "We will decide the conditions for an alliance in the coming days so a conclusion can be reached by month's end."
A 35 percent equity stake would give Renault power to veto key strategic proposals at Nissan's shareholder meetings.