Nissan to pull out of venture fund with Renault

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, 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: “Of course we’re out. The house is on fire.” A Nissan spokeswoman said it was speculation and declined to comment. A Mitsubishi spokesman said no decision had been made.