After years of wrangling and strife, Renault and Nissan have put their joint alliance on a new footing. In addition to a reorganization of the ownership structure, the partners, which include the Japanese carmaker Mitsubishi as a third party, announced close cooperation in electromobility. “This far-reaching program paves the way for the renewal and strengthening of this 24-year-old partnership, creating a new spirit and leveraging the technologies of all three alliance members,” they said in a joint statement. The cost benefits are estimated at between a few hundred million euros within a few years and a few billion by 2030. As part of the deal, Nissan committed to owning up to a 15 percent stake in Renault’s new EV and software division, Ampere. Mitsubishi is also considering investing in Ampere, whose IPO Renault is aiming for in the second half of the year.
Auto industry – Nissan joins Renault – economy
