Renault-Nissan alliance marks 15th anniversary
The Renault-Nissan alliance has created a strong impact in the automotive sector, and today they mark their 15 years of long relationship. Way back in 1999, Renault had purchased a 36.8 percent of stake in Nissan, which was that time close to bankruptcy. The collaboration has been significant with respective to the current automotive industry scenario. After the take over, the companies have reached overall sales of 8.3 million units, which was just 4.8 millions (global sales) back in 1999.
Jaimini
Published On Mar 28, 2014 13:04 IST
Published OnMar 28, 2014 13:04 IST
Last Updated OnMar 28, 2014 13:04 IST
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Today, Renault stands with 43.4% stake in Nissan, while Nissan gets 15% stake in Renault. Commenting on the occassion, Carlos Ghosn, Renault-Nissan Alliance Chairman and CEO, said “Together, Renault and Nissan have significantly expanded their global footprint and generated economies of scale vastly larger than either company could accomplish on its own.” He added saying, “Renault and Nissan have charted a unique for 15 years, maximizing synergies while nurturing each company's direct brands and corporate culture.”
With this, the Renault-Nissan alliance stands on second position for being the most prodcutive cross-cultural collaboration.
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<p>Cars and high-end technologies involved in their making put Jaimini high to know more about these machines. Always keen to learn more about the auto industry, she has grasped a good hold of the industry at quite an early age. Her passion and yearning for cars is quite obvious looking at her flair of language that she uses while describing automobiles. Indulged quite deeply in photography as well as traveling, she still considers automobile to be her first love. She is about to bag her graduation degree shortly.</p>Read more
