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Nissan reaps the benefits of its restructuring


Having become profitable again, the Japanese will soon say if it is taking shares in Renault's electrical division.

The meeting is set for next Tuesday in Yokohama, Japan.

The leaders of the Renault-Nissan-Mitsubishi Alliance will finally have the opportunity to talk eye to eye after two years of almost no physical contact due to the pandemic.

The subject of the meeting: will Nissan and Mitsubishi support Renault in its project to split its two activities (electric on one side, thermal on the other)?

More precisely, will the Japanese take shares in the electrical division of the diamond group?

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Thursday, Makoto Uchida, the general manager of Nissan, did not dispel the doubt on this point.

He said further discussions with Renault were needed to find out whether the diamond group's desire to isolate its electrics division would strengthen the Alliance.

Read also

The Renault-Nissan-Mitsubishi Motors Alliance will invest 23 billion euros in electrification over 5 years

During this meeting on Tuesday, Nissan will certainly put another angry question on the carpet: would Renault agree to rebalance the terms of the Alliance?

The French group has 43% of Nissan…

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Source: lefigaro

All business articles on 2022-05-12

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