Auto CEOs more confident about industry prospects
The confidence of chief executives of automotive companies about the outlook for the new-vehicle market over the next six months has improved significantly.
- Industry News
- 11 September 2024
On 30 January the Renault Group announced in a statement that, subject to the approval of its board of directors, it has reached an important milestone in its discussions on defining new foundations for the group’s partnership with Nissan Motor Co, Ltd.
The restructuring of their two-decade-old car-making alliance will put them on equal footing and see the Japanese company invest in Renault's new electric vehicle business. The future shape of the Franco-Japanese alliance will also have implications for their junior partner, Mitsubishi.
According to the statement, this comes after months of “constructive discussions”.
Renault said their ambition in this regard was to strengthen the ties of the Alliance and maximise value creation for all stakeholders with a three-stage approach:
The Statement concluded by saying that “the agreements are being finalised and the transaction remains subject to the approval of the boards of directors of Renault Group and Nissan. The Alliance members plan to make an announcement immediately after the board approvals.”
The confidence of chief executives of automotive companies about the outlook for the new-vehicle market over the next six months has improved significantly.
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