Renault to buy Nissan’s stake in India manufacturing unit, taking full ownership
- Renault will acquire Nissan's 51 percent stake in a joint factory in Chennai, India, gaining full ownership of the facility that produces Nissan vehicles.
- The new agreement reduces the carmakers' cross-shareholdings from 15 percent to 10 percent.
- Nissan will stop investing in Renault's electric vehicle unit, Ampere, but Renault will still make an electric version of the Twingo for Nissan.
- Tensions arose over Renault's larger stake in Nissan, prompting actions in 2023 to rebalance their alliance.
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Renault to buy Nissan's stake in India manufacturing unit, taking full ownership
Renault Group said on Monday it would acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp , taking complete ownership of the manufacturing plant.
·United Kingdom
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