Nissan, Renault Reach Deal on Alliance Shake-Up
Wall Street JournalJUL 2023
This deal seems to strengthen the relationship between Nissan and Renault. From a shareholding perspective, Nissan is finally getting the equal footing it has long desired, and on the investment side, both parties seem eager to invest in electric vehicle technology together. This is the start of a new prosperous era of an already successful auto industry power couple.
Although this agreement gives a more fair share to Nissan and boosts investment for both parties, it doesn't solve the many differing opinions on business tactics between Yokohama and Paris. Unless they figure out some sort of joint board chairmanship, the debate over future investments will be continual, and road bumps will be unavoidable.