Renault touts ‘warm’ Nissan ties as pair review alliance

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There is a “warm atmosphere” within the Renault-Nissan alliance and a deal regarding its future will be announced “in due time”, the French carmaker’s chairman said Tuesday.

The auto giants are in talks over a potentially drastic reshaping of their sometimes rocky 23-year union.

While the discussions are behind closed doors, a source close to the matter told AFP that they involve a rebalancing of the cross-shareholding arrangement, and a possible Nissan investment in Renault’s new electric vehicle venture.

On Tuesday, Renault chair and alliance boss Jean-Dominique Senard sought to reassure reporters in Tokyo that the “warm atmosphere” within the alliance “bodes well” for its future.

Any deal on a new shareholding agreement will be unveiled “in due time”, he added after giving a speech at an international financial forum.

Relations between the pair have not always been smooth, however, and were thrown into further disarray by the shock 2018 arrest of tycoon alliance boss Carlos Ghosn.

Renault has yet to outline the part that Nissan will play in the new electric division, but its joint venture with Geely is reportedly raising questions in Japan about future technology transfers to the Chinese carmaker.

Originally published as Renault touts ‘warm’ Nissan ties as pair review alliance


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