Renault, Nissan further loosen ties to support Japanese firm's turnaround

Lifestyle

PARIS :Automakers Renault and Nissan said on Monday they had agreed to further amend their two-decade-old partnership to allow for a reduction in their cross-shareholdings in a move aimed at helping Nissan's recovery. The change in terms, lowering the required shareholding to 10 per cent from 15 per cent previously, comes a day before Ivan Espinosa takes over as CEO of the struggling Japanese carmaker, under pressure to significantly boost its competitiveness. Nissan will also be released from

Renault, Nissan further loosen long-standing alliance https://www.channelnewsasia.com/ - 31.03.2025 14:17

din zilele anterioare

Renault, Nissan further loosen long-standing alliance https://www.channelnewsasia.com/ - 31.03.2025 14:17