Former chairman of Nissan Motor, Carlos Ghosn, expressed his views on Tuesday regarding the efforts of Nissan and Renault to establish a “very small and reduced” cooperation as part of their ongoing discussions to revamp their long-standing alliance. Ghosn made these comments during a video stream with reporters in Tokyo.
In January, Nissan and Renault had announced plans to overhaul their alliance, with Renault intending to reduce its stake in Nissan from about 43% to 15%. The goal was to achieve a more equitable ownership structure and bring the two companies onto an equal footing within the partnership. This move signaled a significant shift in the power dynamics between the two automakers.
The latest agreement between Nissan and Renault reflects their intention to establish a smaller and more focused partnership. This represents a departure from their previous arrangement, which had involved more extensive collaboration across various areas of operation. The proposed “mini alliance” aims to streamline and simplify their cooperative efforts.
The discussions between Nissan and Renault aim to reach a final agreement that will comprehensively reshape their alliance. The proposed overhaul seeks to redefine the extent of their collaboration and establish a new framework for their future endeavors.
The potential “mini alliance” signifies a departure from the previous structure and suggests a strategic shift in the partnership dynamics between the two automotive giants. The exact details and specifics of the reduced cooperation have not been disclosed at this stage.
