🚘Renault to slash its stake in Japanese partner Nissan, finally putting the balance in the rocky relationship between the two marques. Renault Nissan MotoringNews MotoringWorld Motoring TheCitizenMotoring.
Nissan will also invest in Ampere, “aiming to become a strategic partner”, the firms said, without specifying how large the Japanese automaker’s stake would be.In November, Renault announced that it would split its operations in two; Ampere, and a separate subsidiary for petrol, diesel and hybrid cars that will pair up with China’s Geely.
Discussions have been held behind closed doors and the announcement was repeatedly previewed but then postponed. Instead, the shares will be placed in a trust for sale when prices improve, with no time limit placed on the process. By 2003, Nissan has become the world’s second-biggest carmaker by market capitalisation, and in 2005 Ghosn takes the reins of both firms.Tensions erupt in 2015. Nissan is angry that the French state’s stake in Renault’s capital has been increased to nearly 20 percent .
That year, the alliance claims the title of the world’s top-selling auto company, ahead of Toyota and neck-and-neck with Volkswagen.Ghosn is arrested in November 2018 on financial misconduct charges. He is held in custody in Tokyo, and replaced at all three companies as the alliance reels.
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