The historic Renault-Nissan alliance, after a period in which differences have not been lacking, is being renewed and expanded. The historical partners, Renault and Nissan Motors, have obtained the approval of their respective boards of directors to proceed with a review of the alliance which has now lasted 24 years. At the moment, the framework of the agreement has been defined, which will be completed by March 31, 2023. The announcement, which confirms the rumors circulated on the rebalancing of 15% stakes between the two groups, was presented in London. He can also join the alliance Mitsubishi which will consider whether to in turn acquire a stake in Ampere, the new division for electric vehicles of Renault.
Renault-Nissan alliance: 15% cross-shareholding
As part of the renewed partnership deal, the two carmakers will have one 15% cross-participation. The participation of Renault in Nissan that was 42% will go down to 15% and the remaining 28,4% of its shares will be Nissan transferred to a French trust and will be without the right to vote. However, the economic rights, including proceeds from dividends and the sale of shares will still benefit the French automaker. The Japanese Nissan, for its part, agreed to invest up to 15% in Ampere, the new electric vehicle division of Renault.
Renault and Nissan have therefore reached a binding framework agreement to regulate these further stages of development of the alliance, with the aim of reaching a “definitive” agreement by the end of the first quarter and complete additional changes by Q15 after approval by regulators. The new agreement will be binding for the next XNUMX years.
New Renault-Nissan projects in South America, Europe and India
Both boards also approved projects for the development of new brands and technologies in Latin America, India and Europe.
This next level of the alliance will create greater growth opportunities and help ensure each company's operational efficiency to innovate and transform in a rapidly changing market such as the one that automotive products and mobility services.
