Doha: The Renault-Nissan Alliance yesterday celebrated its 15th anniversary, only days before the global car group launches its next significant wave of integration.
Renault and Nissan came together in 1999, when Renault invested 643bn yen for a 36.8 percent stake in Nissan, which at the time was close to bankruptcy. Since then, the companies have reached sales of 8.3 million units, up from 4.8 million units in 1999, and moved into the top tier of global automakers. Today, Renault has a 43.4 percent stake in Nissan, while Nissan has a 15 percent stake in Renault.
“Together, Renault and Nissan have significantly expanded their global footprint and generated economies of scale vastly larger than either company could accomplish on its own,” said Renault-Nissan Alliance Chairman and CEO Carlos Ghosn. “Renault and Nissan have charted a unique course for 15 years, maximising synergies while nurturing each company’s distinct brands and corporate culture.”
The Renault-Nissan Alliance is now the auto sector’s longest-lasting and most productive cross-cultural collaboration — a model business case in an industry notorious for corporate breakups. The Peninsula
