Renault and Nissan announced a large-scale reset of the alliance

Anna Tkach

AutoPortal editorial team

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French company Renault and Japanese manufacturer Nissan have announced a major "reset" of their alliance, aimed at strengthening the positions of both companies in key markets. One of the main changes is the reduction of mutual shareholding: the threshold has been lowered from 15% to 10%, allowing Nissan to sell up to a third of its stake in Renault. This step could bring Nissan, which needs investment, about 746 million dollars.

In addition, Nissan is relieved of the obligation to invest in Renault's electric direction, known as Ampere. In turn, Renault buys out Nissan's 51% stake in the joint venture RNAIPL (Renault Nissan Automotive India Pvt Ltd), gaining full control over it. The production site in Chennai, designed to produce 400 thousand cars annually, will serve as the main base for creating new affordable cars on the CMF-A and CMF-B platforms.

Nissan is not leaving the Indian market and continues to produce its models there, including the Nissan Magnite. The company also intends to create its own version of the Renault Twingo for Europe, with its debut expected in 2026.

Renault CEO Luca de Meo emphasized the significance of these steps, noting that Renault Group, as a long-time partner and main shareholder of Nissan, seeks the fastest possible improvement in Nissan's performance.

Renault and Nissan announced a large-scale reset of the alliance

Anna Tkach

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