Renault holds a 43.4% stake in Nissan, while Nissan owns 15% of Renault shares. Each company has a direct interest in the results of its partner.
Renault-Nissan B.V.*, the common strategic management structure of the Renault-Nissan group, was founded on March 28, 2002. Incorporated under Dutch law, Renault-Nissan B.V. is equally owned by Renault and Nissan. Renault-Nissan B.V. is the registered office of the Alliance Board, which meets regularly in Paris and Tokyo.
- * B.V. (Besloten vennootschap) is a closed limited liability company under Dutch law.
In 2010, the Renault-Nissan Alliance and Daimler AG announced a historic collaboration to increase efficiencies worldwide. As part of the agreement, the Renault-Nissan Alliance took a 3.1% stake in Daimler. Daimler took a 3.1% stake in Renault and a 3.1% stake in Nissan.
In 2012, Renault-Nissan acquired a majority stake in Alliance Rostec Auto BV, a joint venture with Russian Technologies which will control 74.5% of AVTOVAZ by 2014.
Renault-Nissan B.V. Alliance Board
The Alliance Board is the common governance body of the Alliance, held by Renault-Nissan BV, headquartered in Amsterdam, with 50% shareholdings by both companies.
It is formally composed of three Renault senior executives and three Nissan senior executives, and it is supported by the full Executive Committee of both companies. It is chaired by Renault-Nissan Alliance Chairman and CEO Carlos Ghosn.
The board focuses on strategic direction, significant new opportunities for collaboration, and the progress of the Alliance relative to industry benchmarks.
Alliance Board Meetings typically include a focus on:
- Mid-term plan progress
- Validation of product plans
- Commonality of products and powertrains
- Strategic investments impacting the Alliance
- Strategic cooperation with third parties
Alliance Directors Team
In May 2009, in the midst of the global economic slowdown, the Renault-Nissan Alliance created a small team of dedicated Alliance directors to accelerate synergies and best-practice sharing. The directors foster deeper, broader cooperation to enhance performance of all partners.
The Alliance Managing Directors are responsible for the operations of Alliance functions for both partners.
Alliance Directors advise teams in partner companies and accelerate bestpractice sharing across the Alliance to help increase synergies. They may oppose any measures taken by Renault or Nissan that run counter to the development of synergies, referring the matter to the executive committee of the company concerned or even, ultimately, the Alliance Board.