Renault, Nissan officially reboot their auto alliance for post-Ghosn era
LONDON — Automakers Renault and Nissan on Monday formalized their reboot of a relationship that had grown rocky, culminating in theThe boards of both companies approved
“We have been waiting a long time for this moment,” Renault board Chairman Jean Dominique Senard said at a news conference in London, calling it a “new era."and software entity in Europe that Mitsubishi also will consider investing in. The automakers said they will collaborate in markets worldwide, including Latin America, Europe and India.
The long speculated changes to the carmaker alliance were announced a week ago. Shares equivalent to a 28.4% stake will be transferred to a French trust, according to the companies. Nissan Chief Executive Makoto Uchida vowed to take the alliance to “the next level of transformation” to adapt to a new era.In theory, partnerships are a good way for automakers to cut costs by sharing parts, production and technology, especially when the industry is going through such dramatic change with EVs.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All The Upcoming Models Renault, Nissan, And Mitsubishi Will Launch Through 2026 | CarscoopsA small pickup and urban EVs for Latin America, additional SUVs for India, and an electric supermini for Europe are among the upcoming launches
Read more »
Renault, Nissan to fill in the blanks on their rejiggered allianceNissan and Renault on Monday are set to unveil details of their redesigned alliance and answer questions about Renault's electric vehicle (EV) business and how it will sell off most of its stake in the Japanese carmaker.
Read more »
Breakingviews - Renault’s Nissan upshot is mostly good newsThe French automaker and its partner, Nissan , confirmed on Monday that the Japanese giant will be buying up to 15% of Renault’s electric-car spinoff, Ampere. That number will steal the limelight, given that as late as last week, Nissan’s non-committal statement that it was “aiming to become a strategic shareholder” had left many options on the table.
Read more »
Nissan, Renault Alliance Shake-Up to Give Each Company More IndependenceNissan and Renault unveiled a long-planned restructuring of their two-decade-old alliance—a decoupling that falls short of a full divorce but gives each car company more autonomy after years of tensions.
Read more »
Nissan to buy up to 15% stake in Renault EV unit under reshaped allianceNissan and Renault on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15% in Renault's electric vehicles unit Ampere.
Read more »