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In alliance reboot, Nissan to buy up to 15 per cent stake in Renault EV unit
In alliance reboot, Nissan to buy up to 15 per cent stake in Renault EV unit
Mitsubishi Motors could also take stake in Renault's EV unit Ampere
Gilles Guillaume and Nick Carey, Reuters
Published Feb 06, 2023
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2022 Nissan Sentra PHOTO BY JONATHAN YARKONY
The agreement, which came after months of tense talks, includes the previously announced reduction of Renault’s stake in Nissan to put the two on a more equal footing, extending for an initial period of 15 years a partnership that has been in place since 1999 and also includes Mitsubishi Motors.
“Previously the alliance was more about synergies… and global volumes,” Nissan chief operating officer Ashwani Gupta told Reuters. “The next 15 years is about how we become the number one value creator for each other and our shareholders.”
“I consider that what we have agreed is a much better set-up than what we have had in the last past few years,” Renault CEO Luca de Meo told a presentation of the new-look alliance in London.
“We have now a new governance scheme that is much more straightforward, we can now operate like a normal company. Seen from Renault, (it) is about regaining some strategic agility without breaking necessarily the ties and the synergies that were existing.”
(more)
In alliance reboot, Nissan to buy up to 15 per cent stake in Renault EV unit
Mitsubishi Motors could also take stake in Renault's EV unit Ampere
Gilles Guillaume and Nick Carey, Reuters
Published Feb 06, 2023
2022 Nissan Sentra PHOTO BY JONATHAN YARKONY
- Nissan to buy stake of up to 15 per cent in Renault’s Ampere EV unit
- Revamp aims to make alliance more balanced
- Mitsubishi Motors could also take stake in Ampere
The agreement, which came after months of tense talks, includes the previously announced reduction of Renault’s stake in Nissan to put the two on a more equal footing, extending for an initial period of 15 years a partnership that has been in place since 1999 and also includes Mitsubishi Motors.
“Previously the alliance was more about synergies… and global volumes,” Nissan chief operating officer Ashwani Gupta told Reuters. “The next 15 years is about how we become the number one value creator for each other and our shareholders.”
“I consider that what we have agreed is a much better set-up than what we have had in the last past few years,” Renault CEO Luca de Meo told a presentation of the new-look alliance in London.
“We have now a new governance scheme that is much more straightforward, we can now operate like a normal company. Seen from Renault, (it) is about regaining some strategic agility without breaking necessarily the ties and the synergies that were existing.”
(more)
