Tag Archives: Renault and Nissan Mitsubishi Alliance to Restructure

The transactions contained in the agreements would be subject to regulatory approvals, and completion is expected to occur in the fourth quarter of 2023. In the tangled web of individual country industrial policy this brings some measure of stability to a global, multi-national, politically diverse enterprise as the movement to electrified vehicles and other earth-saving technologies continues. The 24-year-old Alliance covers 100% of the world’s major global vehicle markets with Euro 85 billion in annual purchases. It already shares 60% of its vehicle platforms, and up to 90% of EV architectures, noted Jean-Dominique Senard, Chairman of the Alliance Board at the press conference. The upside for all is survival in a difficult environment, in our view. Continue reading →