Renault-Nissan alliance talks continue as Uchida heads to France

Nissan Motor Co. Chief Executive Officer Makoto Uchida is heading to France for more talks with French partner Renault SA aimed at resetting a two-decade-old alliance, said people familiar with the situation.

By: Bloomberg
| Updated on: 04 Dec 2022, 16:02 PM
Follow us on:
Follow us on:
The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan. (REUTERS)
The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan. (REUTERS)
The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan. (REUTERS)
The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan.

Uchida will attend a board meeting of the operating alliance on Tuesday at Renault headquarters in Boulogne-Billancourt, outside Paris, said the people, who asked not to be identified discussing private matters. Nissan Chief Operating Officer Ashwani Gupta is also expected to attend, one person said.

Nissan, Renault and junior alliance member Mitsubishi Motors Corp. are trying to reboot a partnership that’s become problematic over the years. Tentative plans for a meeting in London on Dec. 7 to discuss the alliance’s future were scrapped, the people said.

Similar Products

Find more Cars
Nissan Magnite (HT Auto photo)
18.75 kmpl | 999 cc | Manual | Petrol | 5 Person | FWD | 71 bhp | 96 Nm | 205 mm | 939 kg | 336 litres | 5 Gears | 1.0L B4D | No | 40 litres | Hrs | 750 Km | | No | Front & Rear | seconds | Kmph | 18 kmpl
₹4.99 - 10.05 Lakhs***Ex-showroom price
Add to compare
Check latest offers
Maruti Suzuki Celerio X (HT Auto photo)
DISCONTINUED
998 cc | Petrol | Manual | 21.63 kmpl
₹5.11 - 5.93 Lakhs***Last recorded price
Add to compare
View Details
Renault Triber (HT Auto photo)
999 cc | Petrol | Manual | 19 kmpl
₹5.12 - 7.98 Lakhs***Ex-showroom price
Add to compare
Check latest offers
Maruti Suzuki Celerio (HT Auto photo)
998 cc | Petrol | Manual | 21.63 kmpl
₹5.15 - 6.94 Lakhs***Ex-showroom price
Add to compare
Check latest offers
Nissan Kicks (HT Auto photo)
1498 cc | Petrol | Manual | 13.9 kmpl
₹9.5 - 14.65 Lakhs***Ex-showroom price
Add to compare
Check latest offers

Renault CEO Gets Union Support at Home as Nissan Talks Continue

Media representatives for Nissan and Renault declined to comment when contacted by Bloomberg News outside of normal office hours.

Discussions with Nissan started earlier this year as Renault began work to carve out its electric-vehicle business, known as Ampere. Nissan may invest $500 million to $750 million for a stake of about 15% in Ampere, but the agreement hinges on a wider deal that would see Renault trim its own 43% stake in Nissan to about 15% over time, Bloomberg has reported.

Power Imbalance

The shift would alleviate a power imbalance that’s been a source of friction between the companies for years.

The three-way alliance holds meetings every month. Renault Chairman Jean-Dominique Senard and Chief Executive Officer Luca de Meo, along with Francois Provost, senior vice president of international development and partnerships, and Renault’s entire board of directors flew to Tokyo in November for in-person meetings, the people said.

Nissan is in talks “every day" with Renault to bring the alliance “to the next step" and “become stronger together," Uchida said in an interview with Bloomberg in New York on Thursday.

Complex Talks

De Meo and Uchida still aim to sign a non-binding agreement before year-end, but the talks could also either drag on or collapse, with differences over shared technology and IP among the sticking points, the people said.

The alliance was struggling even before the 2018 toppling of Carlos Ghosn, who was then its chairman and widely seen as the glue holding the group together. The reset is all the more urgent as automakers globally grapple with a costly and difficult transition to electrification.

Senard and de Meo expressed optimism about the ongoing Nissan talks in recent weeks, but called the negotiations complex and cautioned about setting any deadlines.

First Published Date: 04 Dec 2022, 16:02 PM IST
TAGS: Renault Nissan
Recommended for you
View all
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
56% OFF
SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing
Rs. 263 Rs. 604
73% OFF
pTron Bullet Pro 36W PD Quick Charger, 3 Port Fast Car Charger Adapter - Compatible with All Smartphones & Tablets (Black)
Rs. 349 Rs. 1,299
20% OFF
Involve Your Senses One Musk Organic Car Perfume Bar, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g Car Accessories interior car perfumes and fresheners
Rs. 319 Rs. 399
65% OFF
ELV Car Mount Adjustable Car Phone Holder Universal Long Arm, Windshield for Smartphones - Black
Rs. 348 Rs. 999
13% OFF
Jopasu Car Duster
Rs. 755 Rs. 869
9% OFF
ShineXPro Microfiber Car Cleaning Cloth - OG Soft 500 GSM Extra Large (35x75 CM) Microfiber Cloth for Car and Bike - Suede Edging for Scratchless Drying and Detailing (Pack of 2)
Rs. 499 Rs. 549
11% OFF
Pidilite WD-40, Multipurpose Car care Spray, 420ml Rust Remover, Lubricant, Stain Remover, Powerful Chimney Cleaner, Degreaser, and Bike Chain Cleaner & Chain Lube (341g)
Rs. 335 Rs. 375
68% OFF
ORJILO Super Soft Microfiber Car Duster Exterior with Extendable Handle, Car Brush Duster for Car Cleaning Dusting - Grey
Rs. 319 Rs. 999
65% OFF
Portronics AUTO 12 in-Car Bluetooth Receiver for Handsfree Calling, Music System, Supports All Smartphones (Black)
Rs. 525 Rs. 1,499
61% OFF
HSR Car Accessories in 10PCS/1Set Car Wiper Detergent Effervescent Tablets Washer Auto Windshield Cleaner Glass Wash Cleaning Tablets
Rs. 197 Rs. 499

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city