Home » News » Renault » Renault-Nissan Alliance continue partnership
In the last two weeks there were some rumors that announced Renault and Nissan will choose separate ways in the future. The Japanese and French manufacturers renewd their partnership so that there is no speculations on the market.

The statement was issued following a Renault Board of Directors meeting in Paris, and a Nissan Board of Directors meeting in Tokyo.

The new agreements says that there is no enfranchisement of Nissan shares in Renault. There is also a contract between Renault and Nissan providing for non-interference in Nissan's governance by Renault.

The principle of the French government's double voting rights within Renault to be maintained as of April 1, 2016, and a contract between the French government and Renault caps the French government's voting rights at 17.9 percent, up to 20 percent in case of an unusually high quorum at the shareholders general meeting.

The companies, which have been strategic partners since 1999, sold 8.5 million vehicles in nearly 200 countries in 2014. The Alliance has strategic collaborations with automakers including Germany's Daimler, Japan's Mitsubishi, China's Dongfeng, and India's Ashok Leyland. The Alliance also owns a majority stake in the joint venture which controls Russia's AVTOVAZ, maker of the Lada brand.

"Today was an important day for the future of the Renault-Nissan Alliance. After months of discussions, I am happy to say that an agreement has been reached that builds on our heritage and strong foundations to achieve further sustainable growth and success of the two partners. While there were important short-term issues to address, it was imperative that all involved took a long view," said Carlos Ghosn.



Related Articles

Leave a Comment

Fields marked with * are required
Name *:
Email *:
Comment *:
Code *:
  CAPTCHA
  • Email
  • YouTube
  • RSS
  • Twitter
  • facebook
  • feedburner

Related Specs

  1. 1907 Renault 130HP Grand Prix

    Engine: Inline-4, Power: 96.9 kw / 129.9 bhp @ 1600 rpmN/A
  2. 1981 Renault 5 Turbo

    Engine: Inline 4, Power: 119.3 kw / 160.0 bhp @ 6000 rpm, Torque: 210.0 nm / 154.9 ft lbs @ 3250 rpm
  3. 1984 Renault 5 Turbo 2

    Engine: Turbocharged Inline 4, Power: 138.0 kw / 185.0 bhp @ 6000 rpm, Torque: 216.0 nm / 159.3 ft lbs @ 3250 rpm
  4. 2006 Renault Altica Concept

    Engine: Diesel Inline-4, Power: 132.0 kw / 177 bhp, Torque: 380 nm / 280.3 ft lbs @ 2000 rpm
  5. 2003 Renault Be Bop Concepts

    N/AN/AN/A

New Vehicles

Volkswagen Touareg drove 16.500 kilometers to its world debutVolkswagen Touareg drove 16.500 kilometers to its world debut
To mark its world debut in Beijing, during the motor show, Volkswagen Touareg decided to drive an impressive distance: from Bratislava (Slovakia) to Beijing ...

Concept Cars

Porsche 911 Speedster celebrates 70 years of PorschePorsche 911 Speedster celebrates 70 years of Porsche
In order to properly celebrate its 70th anniversary, Porsche unveiled one very spectacular concept. The 911 Speedster Concept is a drivable vision of ...

Custom Cars

Rolls Royce Wraith Luminary Collection announcedRolls Royce Wraith Luminary Collection announced
Rolls Royce is continuously improving its client experience with special editions for the current range of cars. Same happened with the current Wraith ...

Future Cars

Hyundai teases its future hydrogen-powered SUVHyundai teases its future hydrogen-powered SUV
Even if many manufacturers are considering fuel-cell alternatives not a viabile solution to combustion engines, Hyundai wants to believe that it already ...

Market News

Volkswagen Commercial Vehicles deliver less cars in first quarter of 2018Volkswagen Commercial Vehicles deliver less cars in first quarter of 2018
After the first three months of 2018, Volkswagen continues to lead the sales in Europe. Not only for the passenger cars, but also for the commercial ones, ...

Gadgets

Audi E-Tron Vision Gran Turismo - first teaser pictureAudi E-Tron Vision Gran Turismo - first teaser picture
Audi has published a first teaser picture with the upcoming Audi E-Tron Vision Gran Turismo. The virtual car will be showcased on April 9th and it will ...

Various News

Ford Mustang is world's best selling sports car in 2017Ford Mustang is world's best selling sports car in 2017
This is for the third time in a row when Ford Mustang was named world's best selling sports car. Global Ford Mustang registrations in 2017 totalled 125,809 ...

Motorsports

Volkswagen ID R Pikes Peak - officially unveiledVolkswagen ID R Pikes Peak - officially unveiled
Volkswagen has officially unveiled the new Volkswagen ID R Pikes Peak Concept. The car is set to compete in the famous Pikes Peak Hill Climb event which ...

Videos

These are the first four episodes of the Audi Q8 Unleashed campaign - the SUV will be unveiled on June 5These are the first four episodes of the Audi Q8 Unleashed campaign - the SUV will be unveiled on June 5
Audi has prepared a special marketing campaign to promote the upcoming Audi Q8. Named Q8 Unleashed, the experience is a mini-series with five episodes. ...