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Alliance logo. The Renault–Nissan–Mitsubishi Alliance, originally known as the Renault–Nissan Alliance, is a French-Japanese strategic alliance between the automobile manufacturers Renault (based in Boulogne-Billancourt, Île-de-France, France), Nissan (based in Yokohama, Kanagawa, Japan) and Mitsubishi Motors (based in Minato, Tokyo, Japan), which together sell more than one in nine ...
The alliance itself was incorporated as the Renault-Nissan B.V., founded on 28 March 2002 under Dutch law. Renault-Nissan B.V. is equally owned by Renault and Nissan. [100] On 7 April 2010, Daimler AG exchanged a 3.1 percent share of its holdings for 3.1 percent from both Nissan and Renault. This triple alliance allows for the increased sharing ...
Renault Med (Morocco), a subsidiary operating the Renault-Nissan Alliance factory in Tangier [247] Renault México (Mexico, cars manufactured in Nissan's Aguascalientes plant since 2013) [248] Renault Pars (Iran), a joint venture established in 2004 and owned by Renault (51%) and Iran's Industrial Development Renovation Organisation (IDRO) (49% ...
Bloomberg first reported Renault's position. Japanese auto giants Honda and Nissan are in talks to set up a holding company, according to a person with knowledge of the matter, a move that could ...
Consolidation of the automobile industry is an ongoing occurrence. Behind each automobile brand lies larger parent corporations.Auto mobile corporations, external corporations and private shareholders commonly own varying amounts of multiple auto mobile corporations, thus resulting analysis of relationships between auto mobile corporations becomes increasingly complicated.
Since October 2016, Mitsubishi has been one-third (34%) owned by Nissan, and included in the Renault–Nissan–Mitsubishi Alliance. [8] Besides being part of the Renault–Nissan–Mitsubishi Alliance, it is also a part of Mitsubishi keiretsu, formerly the biggest industrial group in Japan.
Nissan Motor was given more independence as French automotive manufacturer Renault bought a 38.8% stake in the company for $5.4 billion in 1999 and appointed Carlos Ghosn as CEO of the new Renault–Nissan Alliance.
In March 1999, Renault and Nissan formed the Renault–Nissan Alliance, and in May 1999 Renault purchased a 36.8% stake in Nissan. [35] While maintaining his roles at Renault, Ghosn joined Nissan as its chief operating officer (COO) in June 1999, became its president in June 2000, and was named chief executive officer (CEO) in June 2001. [15]