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Renault, Nissan further loosen long-standing alliance

Automakers Renault and Nissan said on Monday they had agreed to further amend their long-standing partnership to allow for a reduction in their cross-shareholdings to 10%, down from 15% previously.

The article from MSN discusses the evolving dynamics of the Renault-Nissan alliance. Originally formed in 1999, the partnership has undergone significant changes, particularly highlighted by recent adjustments in their shareholdings. Renault has agreed to reduce its stake in Nissan from about 43% to 15%, aligning it with Nissan's stake in Renault. This move aims to create a more balanced relationship between the two automakers. Additionally, Nissan will invest in Renault's new electric vehicle business, Ampere, signaling a strategic pivot towards electric vehicles and a more collaborative future. This restructuring comes after years of tension, especially following the arrest of Carlos Ghosn, the former head of the alliance, in 2018. The changes are part of a broader effort to redefine the alliance, focusing on mutual benefits and addressing past imbalances in control and influence.

Read the Full Reuters Article at:
https://www.msn.com/en-ca/money/other/renault-nissan-further-loosen-long-standing-alliance/ar-AA1BZENT