France will support any initiative that boosts Renault's alliance with Nissan

PARIS: France will support any initiative aimed at boosting Renault's partnership with Japan's Nissan, the head of the French state shareholding agency said today.

France holds a 15% stake in Renault, which in turns owns 43% of Nissan.

Renault is finalising plans to split its combustion engine and electric vehicle departments into two separate units amid tense talks aimed at reshaping the strategic partnership with Nissan.

Industrial projects were key for the future of the alliance, the head of the shareholding agency told journalists.