Renault reorganizes amid thorny discussions with Nissan

Renault reorganizes amid thorny discussions with Nissan

Renault is reorganizing in the midst of redefining its relationship with Nissan. The tricolor company will in fact this Tuesday, November 8th, present its project to create the two planned subsidiaries, one for electric motors, the other for thermo and hybrid mechanics, during a day for investors in Paris. “If we don’t know what the right technology will be in three years, it is in our interest to build another, more agile organization so that Renault is as modern and innovative as possible. The thermal and electrical poles will be next to each other. Brands,” he explained challenges Mid-October Luca De Meo, Managing Director of the French manufacturer. The diamond group claims unofficially that the Investor Day should be reserved for pure Renault announcements. Further communication is planned via the alliance with Nissan and MMC (Mitsubishi Motors). On a date not yet determined. The discussions are not over yet! According to a source close to Nissan, they should last at least until mid-November.

The diamond maker has proposed to Nissan to move into the capital of the electric company called Ampère. For Nissan, however, this is dependent on a rebalancing of forces within the alliance. It is a real diplomatic arm wrestling that we witness between the general manager of Nissan Makoto Uchida, who is himself confronted with “nationalists” who want to outbid Renault, and the President of the French, Jean-Dominique Sénard. Everything under the eyes of Bruno Le Maire, Minister of Economy. Last Friday, the CEO of Nissan himself spoke to a group of French journalists. “We have many points to resolve, I wouldn’t say these are easy discussions, but we will get there,” he said, adding, “I’m very happy and very proud of the relationship we have at the general’s level have management I pick up my phone and talk [à Luca de Meo] whenever it is necessary.”

Reference: www.challenges.fr

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