An agreement could be presented in London on February 6 to change the Renault-Nissan-Mitsubishi Alliance
The Alliance is an agreement with which neither party is satisfied. There have been several failed attempts to bring it closer together and separate it, but in the end it comes down to an unequal distribution of power between Renault and Nissan.
Now, according to Bloomberg reports, they’ll be collaborating on industrial projects, codenamed “Reloaded,”
on the condition that Renault reduce its interest in Nissan. Currently it is 43.5% and could rise to 15%, just like the Japanese at the gala.
Originally, Renault had proposed up to 15 projects, but these will remain closer to five, according to the French newspaper ‘Le Figaro’.
It is not clear whether these plans include projects already announced, such as the construction of the successor to the Nissan Micra in a diamond factory in France or the new Mitsubishi ASX and Colt in Spain and Turkey.
The ones that would be inside are their joint factory in Chennai (India), where they assemble small cars, engines and gearboxes. Another plan is the development of company cars. It also aims to boost business in Latin America.
Changes to the structure of the Alliance are something Nissan has been calling for for years. The latest opportunity came from the gala’s decision to split operations into five divisions, including
horsefocused on internal combustion engines —it will be based in Spain—, and
Ampere for electricity, with sites in France.
Renault wants to sign an agreement with China for thermal propellants
yellowish – which controls Volvo, Polestar, Lynk&Co and Lotus – and Saudi national oil producer Aramco as investors and partners in the hybrid technologies of the future.
Nissan also plans to invest in the future zero-emissions business, which could be worth $10,000 million. Neither the French nor Japanese company has officially positioned itself on these plans, but according to internal sources quoted by Bloomberg, “a final agreement has not yet been reached and on the 6th it may not be the last.”
According to
Pierre-Yves Quemenerequity analyst at Stifel, “both partners are interested in moving forward without management having to be distracted by matters of international politics.”
Source: La Verdad
I am Mary Fitzgerald, a professional journalist and author of the Today Times Live. My specialty is in writing and reporting on technology-related topics. I have spent the last seven years extensively researching and understanding the field of technology so I can properly inform my readers about developments in this ever-evolving world.
