Inside sources suggest the Japanese marque might leave the venture fund created by its own former CEO.

Japanese carmaker Nissan is looking to leave a venture fund created with alliance partners Renault and Mitsubishi, as reported by Reuters.

The ‘Alliance Ventures’ fund was created by ex-Nissan CEO Carlos Ghosn for the Renault-Nissan-Mitsubishi Alliance to invest in various startup firms working on technologies relevant to the manufacturers.

Plans for the fund saw an initial investment of US$200 million (AU$309.5 million) by the manufacturers, with the figure to be matched year-on-year and the fund to reach US$1 billion (AU$1.5 billion) by 2023.

However, sources told Reuters the actual yearly investment “never achieves that full amount”.

Nissan’s new CEO Makoto Uchida has been under pressure to cut costs and turn the business around after facing a 2019 riddled with declining sales and scandals.