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Nissan Renault Merger

Renault, Nissan Motor to drive four new SUVs into India from 2025

Both companies to unveil a five-seater and a seven-seater SUV each

Renault, Nissan Motor to drive four new SUVs into India from 2025
Updated On : 28 Mar 2024 | 12:25 AM IST

Automakers Renault and Nissan make cross-shareholdings equal at 15%

Nissan and Renault have changed their mutual cross-shareholdings equal at 15 per cent, ironing out a source of conflict in the Japan-French auto alliance. Renault Group will transfer 28.4 per cent of the Nissan shares it owns into a French trust, so its stake will be the same 15 per cent that Nissan Motor Co. has in the French automaker. Voting rights would be neutralized for most decisions, the two companies said in a statement on Monday. The move had been anticipated because of leaks to various media outlets. The Nissan-Renault alliance began in 1999, at a time when the Japanese automaker was in tough financial straits. The disparity was a cause of friction, especially after Nissan became far more profitable than Renault.

Automakers Renault and Nissan make cross-shareholdings equal at 15%
Updated On : 30 Jan 2023 | 12:44 PM IST

Nissan, Renault may merge, create new company that trades as a single stock

Combined company would be run by chairman Carlos Ghosn

Nissan, Renault may merge, create new company that trades as a single stock
Updated On : 29 Mar 2018 | 9:08 PM IST