Renault-Nissan-Mitsubishi Alliance open a new chapter for their partnership
LONDON, PARIS, TOKYO, YOKOHAMA (Feb. 6, 2023) - Following approval by the Boards of Directors of Renault Group and Nissan Motor Co., Ltd, Renault-Nissan-Mitsubishi Alliance today announced new initiatives to take their partnership to the next level.
- High-value-creation operational projects in Latin America, India and Europe;
- Enhanced strategic agility with new initiatives that partners can join;
- A rebalanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance.
About the Alliance
Founded in 1999, the Renault-Nissan-Mitsubishi Alliance is the world's leading automotive partnership created to support member-company competitiveness and profitability. This unique model leverages the leadership strengths of each member company, uniting their skills, talents and technologies to streamline idea sharing, fast-track innovation, improve cost-efficiency and add value.
With $15 billion invested in R&D and Capex each year, the Alliance makes innovation a priority and covers all customer needs across all major automotive markets and geographic regions.
Today the Alliance is accelerating the pace to lead the mobility revolution and deliver more value to customers, our people, our shareholders and all our stakeholders."
Chairman of the Alliance