What is the relationship between Renault and Nissan?
1 Answers
Renault-Nissan, as the name suggests, is an alliance formed by Renault and Nissan reaching an agreement. Renault acquired 36.8% of Nissan's shares at a price of 400 yen per share, becoming the major shareholder and establishing the Renault-Nissan Alliance. Both parties reached a consensus to establish alliance principles, clarify the distribution of responsibilities in their relationship, and advance the automotive market process. The relationship between Nissan and Renault lies in the following aspects: 1. Alliance: The Renault-Nissan Alliance, as the name suggests, is an alliance between Renault and Nissan, which was formed on March 27, 1999. 2. Principles of the Alliance: The alliance is based on mutual trust and respect, with transparent organization. 3. Alliance Goals: The alliance has established and implemented a development strategy for sustained profitable growth. 4. Cooperation: On April 7, 2010, Daimler AG and the Renault-Nissan Alliance announced the formation of a strategic alliance. Both parties will cross-hold 3.1% of each other's automotive group shares, with a lock-up period of five years as per the agreement. According to the cooperation agreement between Renault-Nissan and Daimler, the two sides will also collaborate on the development of electric vehicles and next-generation automobiles. Additionally, Mercedes-Benz, a brand under Daimler, will provide engines for Nissan's premium brand Infiniti, and the Renault-Nissan Alliance will also supply 3-cylinder and 4-cylinder gasoline and diesel engines to the Daimler Group.
