Overview

• Renault and Nissan have agreed to reduce their cross-shareholdings from 15% to 10%, marking a significant shift in their 26-year alliance.
• Renault will acquire Nissan's 51% stake in their Indian joint venture, Renault Nissan Automotive India Private Ltd, consolidating full ownership of the Chennai plant.
• Nissan is released from its €600 million investment commitment in Renault's electric vehicle unit, Ampere, while Renault will produce a Twingo derivative for Nissan starting in 2026.
• Ivan Espinosa assumes the role of Nissan CEO, tasked with driving the company's turnaround efforts after years of financial challenges and a failed Honda merger.
• India emerges as a strategic growth market for Renault, leveraging the Chennai plant for domestic sales and exports, while Nissan plans to triple its production volumes in the region by FY26.