Renault and Nissan will not announce as envisaged a agreement next Wednesday on a restructuring of their alliance, failing to have resolved all their disagreements, according to three sources familiar with the matter quoted by Archyde.com on Saturday.
The two car manufacturers are in discussions on a reorganization of their twenty-year-old partnership and on Nissan’s participation in the future electric entity of Renault, referred to as “Ampere”. Nissan wants to rebalance the current structure of the alliance, inherited from the rescue of the Japanese group by the French manufacturer, through the sale of part of the 43% that Renault holds in Nissan to bring this stake to the same level as the 15% held by the Japanese group in its French partner.
Free up cash
Renault is seeking to free up cash in order to invest more in the technologies of the car of the future.
On November 9 in a interview on BFM Business, Luca De Meo had underlined that ” the calendar is dictated by the fact that we manage to have an agreement on hundreds of themes. These discussions are quite complex by definition”. “We’ve been talking for a few months” in particular with the general manager of Nissan Makoto Uchida, on (the way) of “ evolve the alliance »et « the important thing is that we agreed on the fact that we must continue together”had assured the one who recently mentioned the need for a relationship “ more equal” between partners.
“There is distrust”
“Certainly, there is mistrust” between the two groups, whose partnership wavered in the wake of the 2018 arrest in Japan of former leader Carlos Ghosn for alleged financial embezzlement, recognized the general manager of Renault. But, he argued, I am convinced that the long relationship we have with Nissan and Mitsubishi is a asset (asset, editor’s note) for Renault and for Nissan, except that it must be modernized, it must be prepared for the challenges » that the automotive industry will have to face.
(with Archyde.com)