Restated Alliance Master Agreement Renault

Restated Alliance Master Agreement Renault

Renault and Nissan`s restated alliance master agreement is a significant step forward for two of the world`s leading automotive companies. The agreement, which was signed in April 2021, aims to strengthen the long-standing partnership between Renault and Nissan.

The renewed agreement comes a few years after Renault and Nissan`s alliance was shaken by the arrest of former CEO Carlos Ghosn. Since then, both companies have been working to rebuild trust and cooperation, culminating in the restated alliance master agreement.

So, what is the restated alliance master agreement and what does it mean for Renault and Nissan?

The master agreement is a framework that governs the Renault-Nissan alliance, which has been in place since 1999. The new agreement includes several significant changes that aim to reinforce the alliance`s long-term, sustainable growth and profitability.

One key element of the master agreement is the creation of four operating boards, focusing on technology, manufacturing, engineering, and supply chain management. The boards will be led by executives from both companies, ensuring that decisions are made collaboratively and efficiently.

Another critical component of the new agreement is a more balanced ownership structure. Nissan will hold a 15% stake in Renault, while Renault will have a 24% stake in Nissan. These changes will help to mitigate the power imbalance that existed in the previous alliance structure.

The restated alliance master agreement also includes measures to increase efficiency and cost savings through the joint development of platforms, powertrains, and other technologies. The companies are also exploring opportunities to expand their alliance to include other partners, such as Mitsubishi.

For Renault and Nissan, the restated alliance master agreement is a crucial step forward. It shows a renewed commitment to collaboration and partnership, and provides a clear framework for working together towards a shared vision of sustainable, profitable growth.

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