Nissan to join Twingo project for Europe

Renault Group (Euronext: RNO) and Nissan (7201T and NSANY ADR) today announced new business projects for the evolving remains of the failed Renault Nissan Alliance. Renault Group would own 100% of Renault Nissan Automotive India Private Ltd (RNAIPL) by acquiring the 51% shareholding currently held by financially ailing Nissan. Nissan said it will maintain a presence in India with a focus on increasing market coverage. At its heart the shuffle involves complex product programs across global markets, once again requiring cooperation among diverse and distinct corporate cultures that have a troubled past working together.

Renault Group, through Ampere, a European intelligent EV pure player, would develop and produce a derivative of Twingo, an A-segment vehicle, for Nissan from 2026, “confirming its know-how and roadmap for reducing development costs and time.” This model will be designed by Nissan.