- The Renault-Nissan-Mitsubishi alliance has proposed a new one initiatives after the approval of Renault ADR RNLSY And nissan motor co ltd NSANIE Boards.
- The Alliance will a Three-dimensional program to maximize value creation for stakeholders, including high value-added operational projects in Latin America, India and Europe, enhanced strategic agility with new initiatives for partners to join, and a rebalanced cross-shareholding and increased alliance leadership.
- Renault Group and Nissan have entered into a binding framework agreement regarding the above transactions, with the aim of reaching definitive agreements by the end of the first quarter of 2023.
- The program aims to pave the way for a renewal and strengthening of the 24-year partnership.
- Also read: Renault signs MoU with PUNCH Torino for low-emission diesel engines
- Renault Group and Mitsubishi Motors would use Renault Captur and Clio assets to develop two new vehicles with the next generation ASX and Colt based on the CMF-B platform in Europe.
- In Europe, the scope of the collaboration would go beyond vehicles and cover the lifecycle from distribution to use to recycling and end-of-life, including electric vehicle (EV) charging infrastructure and the circular economy.
- As part of the collaboration, Nissan intends to invest up to 15% in Ampere, the Renault Group’s EV and software unit in Europe, with the goal of becoming a strategic investor.
- Mitsubishi engines MMTOF would also consider investing in amps.
- As a result of the new agreements, the governance agreement signed on February 4, 2016 between the Renault Group and the French State in relation to their participation in the Renault Group would be terminated.
- Also read: Renault raises ¥210 billion via retail bond issue
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