Nissan: Renault-Nissan Alliance agrees to strengthen the partnership

Posted on 12. Dec, 2015 by in Nissan Canada

TOKYO and PARIS – Following a Renault Board of Directors assembly in Paris, and a Nissan Board of Directors assembly in Tokyo today, Renault and a Nissan Motor Corporation, Ltd. released a following matter from Carlos Ghosn, Chairman and Chief Executive Officer of a Renault-Nissan Alliance:

“Today was an critical day for a destiny of a Renault-Nissan Alliance. After months of discussions, we am happy to contend that an agreement has been reached that builds on a birthright and clever foundations to grasp serve tolerable expansion and success of a dual partners. While there were critical short-term issues to address, it was needed that all concerned took a prolonged view.”

The agreement is formed on 3 points:

  • The element of a French government’s double voting rights within Renault to be confirmed as of Apr 1, 2016, and a agreement between a French supervision and Renault caps a French government’s voting rights during 17.9 percent, adult to 20 percent in box of an scarcely high quorum during a shareholders ubiquitous meeting.
  • No authorization of Nissan shares in Renault.
  • A agreement between Renault and Nissan providing for non-interference in Nissan’s governance by Renault.

Mr. Ghosn continued: “I wish to appreciate all parties concerned in assisting us strech today’s agreement for their tough work, constructive suggestion and business vision. We now demeanour brazen to all parties returning their concentration to day to day operations to pursue tolerable expansion for Renault and Nissan and to boost opening by additional Alliance synergies.”



About a Renault-Nissan Alliance
The Renault-Nissan Alliance is a vital partnership between Paris-based Renault and Yokohama, Japan-based Nissan, that together sell one in 10 cars worldwide. The companies, that have been vital partners given 1999, sole 8.5 million vehicles in scarcely 200 countries in 2014. The Alliance has vital collaborations with automakers including Germany’s Daimler, Japan’s Mitsubishi, China’s Dongfeng, and India’s Ashok Leyland. The Alliance also owns a infancy interest in a corner try that controls Russia’s AVTOVAZ, builder of a Lada brand.

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