TOKYO — Nothing is obstructing discussions between Nissan and Renault over the way forward for their alliance and the 2 firms can have “vital talks” on Tuesday and Wednesday, the French automaker’s chairman mentioned in Tokyo.

Talking at an occasion on Tuesday, Renault Chairman Jean-Dominique Senard touted the Franco-Japanese alliance, which has been discussing methods to revamp the connection.

The businesses had initially set Tuesday as a deadline to hammer out a deal. Nonetheless, the discussions have taken longer than initially anticipated resulting from Nissan’s issues about how its mental property rights will be protected as Renault forges new ties with China’s Geely, sources have informed Reuters.

Renault final week unveiled a sweeping overhaul of its companies, saying it could arrange a three way partnership with Geely for gasoline engines and hybrid know-how and spin off its electrical automobiles unit subsequent 12 months. It desires Nissan to spend money on the brand new electrical unit.

The businesses are additionally renegotiating their fairness ties, which at the moment see Renault proudly owning a controlling 43 p.c of Nissan and the Japanese firm holding solely a 15 p.c non-voting stake in Renault.

“Nothing is obstructing” the discussions, he informed reporters after the occasion, declining to say when the alliance members would attain a deal and including “you can be knowledgeable on time.”

“Because the chairman of this alliance, I’ve by no means lived such a heat environment inside the alliance and this bodes effectively for the long run,” he mentioned.