Renault, Nissan further loosen ties to support Japanese firm's turnaround

Nissan, Renault to allow each to cut cross-shareholdings to 10%

TOKYO (Kyodo) -- Nissan Motor Co. and Renault SA said Monday that they agreed to reduce the lower limit of their cross-shareholdings to 10 percent fro

French carmaker Renault and its Japanese partner Nissan have agreed to modify a long-standing alliance. Among other things, the agreement allows for the reduction of mutual holdings, with the newly established minimum level being ten percent instead of the previous 15 percent.

Renault, Nissan further loosen ties to support Japanese firm's turnaround

Nissan Withdraws Investment in Renault’s Ampere, Companies Amend Alliance Agreement

Nissan will no longer be required to invest in Renault’s electric vehicle subsidiary, Ampere, as part of an amendment to the New Alliance Agreement between the two automakers. The companies announced the change as part of a broader restructuring of their partnership. The amendment effectively nullifies a July 2023 agreement in which Nissan had committed [...] The post Nissan Withdraws Investment in Renault’s Ampere, Companies Amend Alliance Agre…

Seven & I Holdings, 7-Eleven parent company, buys controlling stake in Nissan

After months of negotiations, the fate of Nissan has been determined. Seven & I Holdings, the parent company of convenience store chain 7-Eleven, will own a controlling stake in the 91-year-old carmaker. “We welcome Nissan into our family of brands, … Continue reading →

Renault and Nissan have announced they are changing the terms of their partnership to reduce the cross-shareholding and take other measures to help the financially struggling Japanese automaker.