“Renault” and “Nissan” reduces the joint ownership of the Japanese company.
On Monday, two auto and Nissan Auto Industry and Nissan announced their agreement to modify their partnership for two decades, to reduce the percentage of joint ownership with the aim of helping Nissan recover.
This change comes under conditions, which reduces the required property rate from 15 percent to 10 percent, a day before Ivan Espinoza receives the CEO of the troubled Japanese auto industry, which is under pressure to significantly increase its competitiveness. The “Nissan” is exempted from its commitment to invest the Renault Electric Electric Unit, which pledged 600 million euros ($ 648.96 million).
“As an old partner of the alliance (Nissan) (Nissan) as a major shareholder in IT, (Renault) has a strong interest in (Nissan )’s vision, it can quickly improve its performance
Renault has announced the purpose of purchasing a majority in the majority of “Nissan” in Renault Nissan Automotive India’s Private India Limited (RNAIPL), and the agreement is expected to be completed by the end of this year.
The French auto company confirmed its expectations with less than two billion euros in 2025, despite the “Nissan” share in Indian business at 200 million euros.
“(Nissan) is committed to maintaining the value and benefits of our strategic partnership in the alliance with the implementation of transition policies to increase the efficiency of Nissan,” Nissan’s new CEO Espinoza said in a statement. After Macoto Oshida, who was formerly the chief planning officer of the company, was appointed as the third largest car manufacturer in Japan and the results of unsuccessful negotiations to join Honda.
Renault “Nissan” is the largest cooperation of 17.05 % in the capital directly from the decline in sales for years. Renault-Nissan Alliance Engineer Carlos Ghosn, who is accused of prosecutor’s office in Microbiology in Tokyo, has struggled to recover from the fall of the company.
The amendment of the coalition agreement established in 2023 in 2023, and the end of the Nissan Investment Agreement in “Ambir”, is subject to compliance with some pre -cadres, and it is expected to take place by the end of May.
