L’Alliance Renault-Nissan enters crucial weeks for his future. On October 10, both manufacturers confirmed that they had begun negotiations aimed at “strengthening cooperation and the future of the Alliance”. with discussions that can be tenseas the two brands see their future differently.
The debate between Renault and Nissan comes from three different sources. First, Nissan’s historical dissatisfaction with its position in the Alliance. We remind you Renault owns 43% of Nissan, which in turn owns 15% of Renault. AND imbalance which does not always leave enough room for Nissan to maneuver in the eyes of the Japanese manufacturer. During the trial of Carlos Ghosn in 2019, the former CEO of the Alliance even accused Nissan of removing him from his position in order to disrupt the merger projects of the two manufacturers. Therefore, Nissan wants to restore the balance of relations return to 15% share owned by Renault.
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Further, Nissan is no longer the financial engine of the Alliance, as it has been for many years. Indeed, the Japanese manufacturer is currently experiencing difficulties, and net profit fell to 1.5 billion euros around 2021. More or less the same as Renault, but historically much weaker. Therefore, the Alliance is becoming less and less profitable for the Losanzhians.
Finally, Renault is currently engaged in a process of deep restructuring of its operations. The manufacturer wants to divide its activity into two parts. On the one hand, its an industrial part of a thermal vehicle that will exist for many years to come. But first of all, a new organization dedicated to electric vehicles, which Renault wants to quickly list. Losange wants Nissan to invest in this new company. The investment, which will be made in exchange for Renault losing power to Nissan.
15 – 15, a draw?
In short, the Renault-Nissan Alliance may undergo serious changes in the coming months. The two manufacturers appear to be agreeing on paper to reduce Renault’s stake in the Japanese manufacturer to 15%, which would mean a transfer of around €6bn, according to BFM Business. This would radically change the relationship between the two manufacturers.
Source: BFM Business
Source: Auto Plus
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