Exclusive: Nissan to pull out of venture fund with Renault in cost-cutting drive, sources say

Exclusive: Nissan to pull out of venture fund with Renault in cost-cutting drive, sources say

Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters, declining to be identified because the information has not been made public.. The likely move comes after Nissan's junior partner, Mitsubishi Motors Corp ( 7211.T ), told an alliance meeting last week that it would no longer continue to inject money into the fund, one of the sources said.. The decision to leave the Amsterdam-based fund was all but a done deal, the other source said, adding: " we're out.. It was for the learning opportunities we get from investing in smart startups," the first source said..