Renault And Nissan Announce Measures To Retain Their Autonomy Within The Alliance

A new deal has been reached between Nissan, Renault and the French government to allow for additional autonomy within the two automakers.

Earlier in the year, the French government increased its holdings in Renault from 15 per cent to 19.73 per cent, raising concerns that the French leadership would ultimately influence the balance within the Renault-Nissan Alliance. This was particularly concerning for Nissan, as Renault holds a 43 per cent stake in the Japanese brand.

As part of the new agreement, the French government is being offered 17.9 per cent of voting rights in Renault, while the French automaker as well as the government will not be permitted to interfere with the governance of Nissan, including the appointment, dismissal and compensation of Nissan Board members. Additionally, Renault won’t have a say in motions from Nissan shareholders not approved by the board of the Japanese firm. Additionally, Nissan won’t be able to increase its 15 per cent stake in Renault.

Discussing the deal, chairman and chief executiveCarlos Ghosn commented:“Today was an important day for the future of the Renault-Nissan Alliance. After months of discussions, I am happy to say that an agreement has been reached that builds on our heritage and strong foundations to achieve further sustainable growth and success of the two partners. While there were important short-term issues to address, it was imperative that all involved took a long view.”


Austro Daimler Bergmeister ADR 60 Brings Its AMG GT…Err…1930s Inspired Looks To Salon Prive

The ADR 630 Shooting Grand is an art deco-inspired PHEV capable of hitting 62 mph in 2.5 seconds .

2020 C8 Corvette Isn’t Getting A Manual Because It Wasn’t Worth The Effort

The new 2020 Corvette will not get a manual because not enough people would buy it .

You Can Now Have Amazon Deliver Your Packages Inside Your New Acura RDX

Third-gen RDX owners can now have their Amazon packages delivered inside their vehicles.

A BMW M3 E46 Just Sold For $90,000, Will This Become The New Normal?

The BMW M3 E46 is quickly becoming a modern classic and prices are rising.

Commuter On Death Wish Rides Electric Scooter On Texas Highway!

We’ve seen some pretty stupid things captured on cam, but this one probably ranks among the most unreasonable ever.

Vin Diesel Gifted SpeedKore’s Unique 1650 HP Dodge Charger Tantrum For His Birthday

SpeedKore presented its 1650 hp Dodge Charger Tantrum a few years ago at SEMA.

Hear Akrapovic Work Its Magic On 2020 Toyota Supra’s Soundtrack

Made out of titanium, it is lighter, emits a more evocative sound and probably liberates a few extra ponies as well.

2020 Corvette C8: GM Claims It Has Yet To Test Its Top Speed

GM has said the C8 will hit 60 mph in under 3 seconds in Z51 guise, but its v-max is still unknown.

BMW To Invest More On New Mini Crossovers In A Bid To Regain Market Share

Mini is set to offer more SUVs and two-door hatches .

New Ecurie LM69 Reimagines The Classic Jaguar XJ13 Racer For The Road

The unique Jaguar XJ13 will live again through Ecurie’s new LM69 supercar.