After more than a year of discussions, Renault and Nissan will equalise aspects of their cross-shareholding Alliance agreement, to strengthen the partnership in a changing environment.

The Alliance changes take a three-stage approach that involves collaborative operational projects across key markets, new strategic initiatives such as EV investment, and a reformed governance structure that reduces inequalities.

The major outcome revealed in the plans for a renewed Alliance is the change in corporate shares, with Nissan and Renault Group to have equal 15 per cent cross-shareholdings.

This is a clear change from the previous stature, where the Renault Group held nearly 44 per cent of Nissan shares, while Nissan held only 15 per cent of Renault Group shares.

renault and nissan move to settle differences, in alliance overhaul

The 15 per cent shares will come attached with lock-up and standstill obligations for both parties, which mitigate how and when a party can sell company shares.

Additionally, both parties will have voting rights attached to their shares, as opposed to the current agreement where Nissan’s shares have no voting rights attached, an obvious point of contention in the previously lopsided agreement.

To arrive at the equal 15 per cent shares, the Renault Group will have to reduce its shares in Nissan by 28.4 per cent, which it will do by transferring the shares into a French trust, meaning it will retain the economic rights of the shares but voting rights will be ‘neutralised’.

The proposed French trust would be instructed by the Renault Group to sell its Nissan shares should it be ‘commercially reasonable’, but it would be under no obligation to do so in line with a particular time frame.

renault and nissan move to settle differences, in alliance overhaul

Considering Nissan has become substantially more profitable since the inception of the Alliance, it seems that the Renault Group is protecting the economic value of its shares while moving forward with a more balanced agreement to placate stakeholders.

Joint press releases from both automakers detail the ‘high-value-creation operational projects’ which will form part of the newly balanced Alliance.

The automakers have been tight-lipped on the details of said projects, only revealing that they will be “deployed along three dimensions: markets, vehicles and technologies,” and launched in Latin America, India, and Europe.

The new agreement also details that Nissan will invest in Ampere, the EV venture founded by the Renault Group, with the ambition of becoming a strategic stakeholder in the company.

renault and nissan move to settle differences, in alliance overhaul

Ampere is Renault’s EV wing that will develop, manufacture, and sell electric passenger cars, with a scheduled line-up of six Renault-badged EVs by 2030.

Nissan’s investment in Ampere would allow Nissan, and its partner Mitsubishi Motors, to use the hardware and software technologies in its future EV models.

The new foundations of the Alliance are dependent on approval from a board of directors of Renault Group and Nissan, and once finalised will be announced immediately.

Speculated points of contention have included disagreements concerning intellectual property rights, and a breakdown of trust and communication after former Alliance head Carlos Ghosn was arrested for financial misconduct in 2018.

If approved, the reforms will be the first major change to the Alliance since its inception in 1999, when Renault saved Nissan by taking a controlling stake during a period of financial struggle.

The automakers said that the changes have been proposed with the ambition to “strengthen the ties of the Alliance and maximise value creation for all stakeholders”.

MORE: How the Renault-Nissan-Mitsubishi Alliance cuts costs

Keyword: Renault and Nissan move to settle differences, in Alliance overhaul

CAR'S NEWS RELATED

Hyundai Venue N-Line Vs Renault Triber Price, Engine Specs & Dimensions Comparison

Hyundai Venue N-Line Vs Renault Triber Price, Engine Specs & Dimensions Comparison In this Hyundai Venue N-Line vs Renault Triber comparison, we’ll look at the variant-wise prices, engine specs, dimensions and features to help you decide which car you should buy. Hyundai Venue N-Line Vs Renault Triber Price Comparison Let’s ...

View more: Hyundai Venue N-Line Vs Renault Triber Price, Engine Specs & Dimensions Comparison

New Panamera E-Hybrid has a battery bigger than a Gen 1 Nissan Leaf

While the 2024 Porsche Panamera Turbo E-Hybrid isn’t exactly the most environmentally-friendly plug-in hybrid you could choose, there’s an updated version of the Stuttgart super-sedan on the way next year, and it packs a 25.9kWh battery. For those of you keeping score at home, that’s 1.8kWh more capacity than ...

View more: New Panamera E-Hybrid has a battery bigger than a Gen 1 Nissan Leaf

Nissan confirms 3 new EVs and its next gigafactory location

Nissan is announcing a major series of investments and plans for electrification today, many of which have been long rumored but are now being concretely defined. In summary, plan on two new CUVs and a brand-new version of the Leaf, all three of which will be produced in the ...

View more: Nissan confirms 3 new EVs and its next gigafactory location

Nissan to build battery plant and three new electric cars at Sunderland factory

Puts Britain at the heart of Nissan's plans for Europe

View more: Nissan to build battery plant and three new electric cars at Sunderland factory

Electric Nissan Juke And Qashqai Will Be Inspired By 'Hyper' Concepts

The electric Juke will be influenced by the Hyper Punk study, while the Qashqai EV will take inspiration from the Hyper Urban concept.

View more: Electric Nissan Juke And Qashqai Will Be Inspired By 'Hyper' Concepts

Nissan to invest $1.4 bln to build two new EV models in Britain

LONDON, Nov 24 (Reuters) – Nissan (7201.T) said on Friday it will invest 1.12 billion pounds ($1.4 billion) to build electric versions of two popular crossover models at its UK plant in a fresh boost for Britain's auto industry amid the switch to electric vehicles. The Japanese automaker said ...

View more: Nissan to invest $1.4 bln to build two new EV models in Britain

Made-in-India Nissan Magnite AMT launched in South Africa

Nissan offers three variants of the Magnite AMT in South Africa: Visia, Acenta and Acenta Plus, priced from R234,900. Nissan has launched the Magnite AMT in South Africa. The crossover will be manufactured at the brand’s Oragadam factory near Chennai. Nissan offers three variants of the Magnite AMT in ...

View more: Made-in-India Nissan Magnite AMT launched in South Africa

Next-Gen Nissan Juke And Qashqai EVs To Be Made In The UK: Report

UK media claim Nissan will announce on Friday that its Sunderland plant will make future all-electric Juke and Qashqai SUVs.

View more: Next-Gen Nissan Juke And Qashqai EVs To Be Made In The UK: Report

Engine jerk on a brand new Renault Kiger during PDI: Shall I accept it?

Automatic crossovers competing against the new Nissan Magnite EZ-Shift

Nissan to build electric versions of two best-selling crossovers, the Juke and Qashqai

Renault Revives Iconic Twingo As An Affordable Electric Hatchback

Researchers are recycling old Nissan Leaf batteries using… bacteria?

The New Renault Master Van Gets Diesel, Electric, And Hydrogen Power

Honda and Nissan slash rates to keep pace with BYD, EVs in overseas markets

List of museums & factory tours every petrolhead must go to

Most affordable crossover from every brand in South Africa

Living With It – Renault Captur 1,3L Turbo EDC Intens [Update 3]

Tesla, Audi, And Nissan EVs Have Minimal Winter Range Loss

R400,000 single cabs competing with the new Mahindra Pik Up Karoo

OTHER CAR NEWS

; Top List in the World https://www.pinterest.com/newstopcar/pins/
Top Best Sushi Restaurants in SeoulTop Best Caribbean HoneymoonsTop Most Beautiful Islands in PeruTop Best Outdoor Grill BrandsTop Best Global Seafood RestaurantsTop Foods to Boost Your Immune SystemTop Best Foods to Fight HemorrhoidsTop Foods That Pack More Potassium Than a BananaTop Best Healthy Foods to Gain Weight FastTop Best Cosmetic Brands in the U.STop Best Destinations for Food Lovers in EuropeTop Best Foods High in Vitamin ATop Best Foods to Lower Your Blood SugarTop Best Things to Do in LouisianaTop Best Cities to Visit in New YorkTop Best Makeup Addresses In PennsylvaniaTop Reasons to Visit NorwayTop Most Beautiful Islands In The WorldTop Best Law Universities in the WorldTop Richest Sportsmen In The WorldTop Biggest Aquariums In The WorldTop Best Peruvian Restaurants In MiamiTop Best Road Trips From MiamiTop Best Places to Visit in MarylandTop Best Places to Visit in North CarolinaTop Best Electric Cars For KidsTop Best Swedish Brands in The USTop Best Skincare Brands in AmericaTop Best American Lipstick BrandsTop Michelin-starred Restaurants in MiamiTop Best Secluded Getaways From MiamiTop Best Things To Do On A Rainy Day In MiamiTop Most Instagrammable Places In MiamiTop Interesting Facts about FlorenceTop Facts About The First Roman Emperor - AugustusTop Best Japanese FoodsTop Most Beautiful Historical Sites in IsraelTop Best Places To Visit In Holy SeeTop Best Hawaiian IslandsTop Reasons to Visit PortugalTop Best Hotels In L.A. With Free Wi-FiTop Best Scenic Drives in MiamiTop Best Vegan Restaurants in BerlinTop Most Interesting Attractions In WalesTop Health Benefits of a Vegan DietTop Best Thai Restaurant in Las VegasTop Most Beautiful Forests in SwitzerlandTop Best Global Universities in GermanyTop Most Beautiful Lakes in GuyanaTop Best Things To Do in IdahoTop Things to Know Before Traveling to North MacedoniaTop Best German Sunglasses BrandsTop Highest Mountains In FranceTop Biggest Hydroelectric Plants in AmericaTop Best Spa Hotels in NYCTop The World's Scariest BridgeTop Largest Hotels In AmericaTop Most Famous Festivals in JordanTop Best European Restaurants in MunichTop Best Japanese Hiking Boot BrandsTop Best Universities in PolandTop Best Tips for Surfing the Web Safely and AnonymouslyTop Most Valuable Football Clubs in EuropeTop Highest Mountains In ColombiaTop Real-Life Characters of Texas RisingTop Best Beaches in GuatelamaTop Things About DR Congo You Should KnowTop Best Korean Reality & Variety ShowsTop Best RockstarsTop Most Beautiful Waterfalls in GermanyTop Best Fountain Pen Ink BrandsTop Best European Restaurants in ChicagoTop Best Fighter Jets in the WorldTop Best Three-Wheel MotorcyclesTop Most Beautiful Lakes in ManitobaTop Best Dive Sites in VenezuelaTop Best Websites For Art StudentsTop Best Japanese Instant Noodle BrandsTop Best Comedy Manhwa (Webtoons)Top Best Japanese Sunglasses BrandsTop Most Expensive Air Jordan SneakersTop Health Benefits of CucumberTop Famous Universities in SwedenTop Most Popular Films Starring Jo Jung-sukTop Interesting Facts about CougarsTop Best Hospitals for Hip Replacement in the USATop Most Expensive DefendersTop Health Benefits of GooseberriesTop Health Benefits of ParsnipsTop Best Foods and Drinks in LondonTop Health Benefits of Rosehip TeaTop Best Air Fryers for Low-fat CookingTop Most Asked Teacher Interview Questions with AnswersTop Best Shopping Malls in ZurichTop The Most Beautiful Botanical Gardens In L.A.Top Best Mexican Restaurants in Miami for Carb-loading rightTop Best Energy Companies in GermanyTop Best Garage HeatersTop Largest Banks in IrelandTop Leading Provider - Audit and Assurance In The USTop Best Jewelry Brands in IndiaTop Prettiest Streets in the UKTop Best Lakes to Visit in TunisiaTop Highest Mountains in Israel