Nissan and Renault – Auto Alliance Renewed – Economy

Nissan and Renault have renewed their long-debated alliance. After months of negotiations, the Japanese carmaker and its French partner agreed on a cross-shareholding of 15 percent each. As part of the compromise, Renault reduces its stake in Nissan from around 43 percent and transfers around 28 percent to a trustee, as the French announced on Monday. In return, Nissan announced that it would take a stake in Renault’s electric car subsidiary. The Japanese had felt dominated by the French for years, as their 43 percent stake in Nissan was much larger than their own 15 percent stake in Renault. The Japanese carmaker Mitsubishi also belongs to the group.

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