Renault-Nissan alliance reboot will kick off with five projects
“The interest for each of the partners is now to be able to move forward without, for example, Renault’s management getting distracted in endless trans-national politics,” says Stifel analyst Pierre-Yves Quemener. Failure of the talks would have been “a negative,” Quemener said. Motors Corp. will embark on roughly five projects initially, codenamed “Reloaded,” with others to follow, the people said.
Renault has proposed work on 10 common projects, the people added. On top of that, Nissan also plans to invest in Renault’s Ampere, they said. The desire to move forward with specific common activities as part of the three-way pact signals the companies see a joint future for an alliance that had to be pieced together again after 2018’s arrest of Ghosn. Renault-Nissan can ill-afford to waste synergies in the increasingly competitive shift to. The wide-ranging agreement follows months of tense negotiations to save a 23-year-old partnership, with the talks almost collapsing late last year.
The alliance over the years led to joint plants, parts purchasing and — importantly — development of common underpinnings for a range of vehicles to save costs, creating one of the biggest automotive groups in the world in terms of cars sold. Still, a complex organization, cultural differences and missteps over the years almost destroyed the partnership. Improving existing collaborations is crucial for both Nissan and Renault to keep up with competition fromRenault Chairman Jean-Dominique Senard and de Meo participated in Thursday’s alliance meeting via video conference. While they had initially planned to travel toRelated video:
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