Renault internally discusses the possibility of reducing its participation. nissan, main partner Renault-Nissan-Mitsubishi Allianceinside €6.1 billionassumes that there will be a new earthquake in the relations between these two companies. After restructuring the Alliance’s strategy in 2020 to show each company’s commitment to their partners and forget about the Ghosn scandal, It is now electrification that could lead to Renault’s waning power over Nissan.
The French not only need capital to finance a specific and ambitious electrification plan, but also divide their work electric cars and combustion vehicles. This strategy is unpopular Japan but yes France because it allows them to raise more money as new partners enter both divisions and share the expenses of the combustion vehicle division with new investors such as Geely or Aramco who are already interested in investing if this division of business materialises. .
this Sale of 6.1 billion euro Nissan shares It means a reduction in Renault’s weight on the auto company. Yokohama of the 43% valid 15%which will equalize power between both firms in allianceaspect Nissan owns 15% of Renault in non-voting shares. Renault’s overall stake in Nissan 7.1 billion euros.
France must approve the operation
From Renault, they explain that no decision has been made in any case and that the executives of both companies are discussing what would be the best course of action to ensure the best possible future for the Alliance. “Both companies continue to make structural improvements to ensure a sustainable future for the operations and management of the Alliance. Renault and Nissan argued in a joint statement that any future communications by Alliance members would be offered when the time came.
In any case, if both brands feel that this sale of shares is the best solution for progress in the future, the French State should approve the operation as part of Renault shares, because owns 15% of the company and must approve any plan.
year of change
Initial information points to the sale of both shares nissan because the split of the automobile businesses may take place in the same year. As suggested by Neomotor, Renault wants to have a solid electric car division next year. France and with 10,000 workers to focus on manufacturing their electric cars in France.
On the other hand, the internal combustion automobile division, which includes both geely What aramco If they enter as investment partners, they will be based in another country – there is no detail yet as to which – and they will also give jobs to other countries. 10,000 people would produce combustion and hybrid cars and develop these engines.
Next November 8, Luca de Meo It will present the current state of the French group’s strategy, ‘renovation‘ and will update its targets with details on these important operations for the future of the manufacturer.