Renault and Nissan have agreed to loosen their long-standing partnership, reducing their cross-shareholdings from 15% to 10%. This marks another step in their restructuring efforts, as Nissan prepares for leadership under its new CEO, Ivan Espinosa. The decision also means Nissan will no longer be required to invest €600 million in Renault’s electric vehicle subsidiary, Ampere. The move aligns with Renault’s strategy of reshaping its global operations while allowing Nissan to focus on its turnaround plan.
As part of the agreement, Renault plans to buy out Nissan’s majority stake in their joint venture in India, Renault Nissan Automotive India. This deal is expected to be finalised by mid-2025, with Renault maintaining its forecast of at least €2 billion in free cash flow despite a €200 million impact from the acquisition. The restructuring is positioned as a pragmatic approach to enhance business efficiency, allowing each company to prioritise its own strategic objectives while maintaining key cooperative ventures where beneficial.
The Renault-Nissan alliance has undergone significant transformation in recent years, moving away from deep financial entanglements towards a more flexible collaboration. This latest development reflects Renault’s increasing focus on electric mobility and market expansion, while Nissan seeks greater independence to strengthen its competitive position. With both automakers navigating evolving industry challenges, their revised partnership signals a shift towards a more decentralised but strategically aligned future.