Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. But for the French car group the benefits of the revamp are for now unclear and potentially quite limited, three industry sources said.
The Nissan logo is seen on a car wheel at Nissan Gallery in Yokohama, Japan November 29, 2021. REUTERS/Androniki ChristodoulouPARIS, Jan 30 - Renault and Nissan hailed a new deal announced on Monday as a major step in reviving
The deal sees Nissan commit to invest in Renault's flagship Ampere electric vehicle unit, which was the French group's key goal. Sources have told Reuters the alliance is considering around five common projects, a relatively small number compared to the list of 10 to 15 proposed last year by Renault chief executive Luca de Meo to his Japanese partner.
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Renault slashes Nissan stake as the automakers overhaul their decades-long allianceRenault has trimmed its interest in coalition ally Nissan stake as the automakers overhaul their decades-long union.
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Nissan, Renault agree to sweeping overhaul of global allianceNissan Motor Co and Renault SA agreed on Monday to a sweeping restructure of their two-decade-old automaking alliance that will put them on equal footing and see the Japanese company invest in Renault's new electric vehicle business.
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Nissan, Renault Reach Deal on Alliance Shake-UpNissan Motor and French partner Renault said they reached an agreement to reorganize their more than two-decade-old alliance.
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From boom to bottom and now big change: Renault and Nissan reshape allianceFrench carmaker Renault and its Japanese partner Nissan on Monday agreed to a sweeping reset of their two-decade alliance that will put them on equal footing.
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