What is the relationship between Renault and Nissan?
2 Answers
Alliance relationship. In fact, Renault has taken control of Nissan, meaning Renault Motors acquired Nissan Motors. Although Renault ultimately holds 44.4% of Nissan's shares, the term "acquisition" is never mentioned in any documents, always referred to as an "alliance." This full "respect" has to some extent reduced the obstacles in restructuring Nissan. More relevant information is as follows: 1. Nissan Motor Company: Founded in 1933, Nissan Motor Company is one of Japan's top three automobile manufacturers. By 1999, it had suffered seven consecutive years of losses and was on the verge of bankruptcy. 2. Renault S.A.: Established in 1898, Renault S.A. is the second-largest automobile company in France. Due to its provision of weapons to the German army during World War II, it was taken over by the French government after the war.
As a car enthusiast, Old Zhang has witnessed the ups and downs of the Renault-Nissan Alliance over the past two decades. Back in 1999, Nissan was on the verge of bankruptcy when Renault injected capital to acquire a controlling stake, and Carlos Ghosn stepped in as CEO to implement reforms that saved the company. Today, they hold cross-shareholdings, with Renault owning 43% of Nissan and Nissan holding 15% of Renault, allowing both to share technology and reduce production costs. For example, the CMF platform is used in models like the Qashqai and Koleos, making production faster and more cost-effective. The alliance helps both companies expand their markets, with Nissan strong in Asia and Renault dominant in Europe. Relations cooled after the Ghosn incident, but the 2023 restructuring agreement stabilized the partnership. The future hinges on maintaining synergy during the transition to electric vehicles, or they risk being overtaken by Tesla.
