Posted on Sunday 28.04.2019 07:45 Daniel Popescu
Renault will propose the establishment of a company with the same decision-making power as the Nissan Alliance partners after the Japanese refused to merge.
Renault is trying to find a way to better integrate with Nissan within the Alliance, but the proposal to merge both manufacturers has been rejected by Japanese partners.
In this context, Renault representatives have prepared a new proposal to create a company in which both builders have the same decision-making power.
The information was revealed by the Japanese publication Nikkei, which also provides some details about the French plan. The new company would thus be based in a country that does not have direct links with France and Japan, such as Singapore.
Also, every builder would have an "almost the same" number of executives, while Renault and Nissan would be transferred for two producers to be the same.
Currently, Renault has 43% of Nissan shares, while Nissan owns only 15% of Renault shares. After the transfer of shares, France's stake in Renault would drop from 15% to just 7% or 8%.
The new proposal will make Renault for Nissan soon, but Japanese officials refused to comment on the information.
"We need the Alliance because it gives us power in a period of turbulence for the automotive industry or a change in technology. That hasn't changed", explains Clotilde Delbos, CFO of Renault.
Via Nikkei, Automotive News