Carmakers Nissan Motor Company and Renault S.A. have agreed to an extensive overhaul of their two-decade-long partnership that will see the French carmaker on equal footing with their Japanese partner. Renault will slash their stake in the company to 15 percent while Nissan invests in Ampere, an EV, and software pure player founded by Renault.
Under the renewed agreements of the partnership, Nissan and Renault will retain a 15 percent stake in each other’s company through a cross-shareholding agreement. Both companies will be able to freely exercise their voting rights, previously, Nissan only had a 15 percent non-voting stake in the French company while Renault owned a 43 percent stake in Nissan. The 28.4 percent of Nissan shares Renault will reduce will be transferred to a French trust.
Related: Nissan Philippines lights up the biggest Christmas tree in Ormoc with LEAF EV
In a statement, Nissan said that despite Renault whittling down their share of the company, Renault will still be able to reap the financial benefits from the shares unless they are sold. Renault can instruct the trustee to sell the entrusted Nissan shares whenever it is commercially reasonable for the company, the French company is also under no pressure to sell these shares quickly as they have no obligation under the agreement to sell these shares within a pre-determined period of time.
Nissan and Renault shake hands on restructuring their enduring automaking alliance
The two carmakers officially dispel rumors surrounding the alliance with plans for continued future collaboration.
Jerome Tresvalles on Jan 31, 2023You are here:HomeLatest StoriesNewsNissan and Renault shake hands on restructuring their enduring automaking alliance
Carmakers Nissan Motor Company and Renault S.A. have agreed to an extensive overhaul of their two-decade-long partnership that will see the French carmaker on equal footing with their Japanese partner. Renault will slash their stake in the company to 15 percent while Nissan invests in Ampere, an EV, and software pure player founded by Renault.
Under the renewed agreements of the partnership, Nissan and Renault will retain a 15 percent stake in each other’s company through a cross-shareholding agreement. Both companies will be able to freely exercise their voting rights, previously, Nissan only had a 15 percent non-voting stake in the French company while Renault owned a 43 percent stake in Nissan. The 28.4 percent of Nissan shares Renault will reduce will be transferred to a French trust.
Related: Nissan Philippines lights up the biggest Christmas tree in Ormoc with LEAF EV
In a statement, Nissan said that despite Renault whittling down their share of the company, Renault will still be able to reap the financial benefits from the shares unless they are sold. Renault can instruct the trustee to sell the entrusted Nissan shares whenever it is commercially reasonable for the company, the French company is also under no pressure to sell these shares quickly as they have no obligation under the agreement to sell these shares within a pre-determined period of time.
This major overhaul is a significant milestone for the 24-year-old alliance. According to Nissan, the two companies will continue to work together on projects in Europe, India, and Latin America.
For now, the revised agreements of the alliance are still being finalized and are still subject to the approval of the board of directors at Renault and Nissan. The partnership gave birth to some iconic electric vehicles like the Nissan LEAF and Renault Zoe, along with the development of the Renault-Nissan Common Module Family platform which became the backbone of current vehicles sold by Renault, Nissan, and the Outlander sold by Mitsubishi. With the alliance close to working out a refresh for the partnership, we can expect more new things to come from Nissan and Renault.
Related Articles
The next-gen Nissan Sentra has been revealedNissan Sylphy leak in China reveals the next-gen Sentra’s designAustralia is first in line for the new Nissan Navara, will we be next?The Nissan Z NISMO is getting a six-speed manual transmissionHongqi unveils its updated lineup of flagship models with the E-QM5 Plus and E-HS9
Latest News
- Suzuki Philippines and DES Strong Motors unite for a cleaner coastline at ICC 2025 / NewsJerome Tresvalles · Oct 06, 2025Suzuki Philippines joins the 2025 International Coastal Cleanup in Bohol, promoting unity and action for a green future.
- Astara might bring more cars and EVs to the Philippines soon / NewsShaynah Miranda · Oct 06, 2025Astara Philippines plans to launch new models and electric vehicles soon after recent management changes.
- Changan Philippines introduces Nevo A05 plug-in hybrid / NewsShaynah Miranda · Oct 03, 2025Changan introduces the Nevo A05 plug-in hybrid sedan in the Philippines with 130 km EV range and 1,250 km total driving range.
Popular Articles
- Cheapest cars under P700,000 in the PhilippinesJerome Tresvalles · Sep 02, 2024
- First car or next car, the Ford EcoSport is a tough package to beatJun 18, 2021
- Car Maintenance checklist and guide – here’s everything you need to knowEarl Lee · Jan 12, 2021
- Most fuel efficient family cars in the PhilippinesBryan Aaron Rivera · Nov 27, 2020
- 2021 Geely Okavango — Everything you need to knowJoey Deriquito · Nov 19, 2020
- Family cars in the Philippines with the biggest trunksSep 20, 2023
- Head to head: Toyota Rush vs. Suzuki XL7Joey Deriquito · Oct 28, 2020
- Why oil changes are important for your carEarl Lee · Nov 10, 2020
- 2021 Kia Stonic — What you need to know about itJoey Deriquito · Oct 16, 2020
- Top 7 tips for buying a used car in the PhilippinesJoey Deriquito · Nov 26, 2020
