Renault-Nissan Alliance Reboot Will Kick Off With Five Projects
- Renault, Nissan said to move on with alliance rebalancing deal
- Common projects will be way forward in redesigned cooperation
Photographer: Eric Piermont/AFP/Getty Images
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Renault SA and Nissan Motor Co. are moving ahead with a plan to recalibrate their two-decades-old alliance that has weakened over time, with executives agreeing to pursue a range of industrial projects and rebalance capital ties, according to people familiar with the situation.
During an operating board meeting on Thursday, top executives gave the nod to equalizing Nissan and Renault’s cross-shareholdings, as well as common projects that will be part of their reshaped cooperation, the people said. The partners also agreed to hold an event on Feb. 6 in London to present details of their plans, added the people, who asked not to be named.