Nissan and Renault on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15% in Renault's electric vehicles unit Ampere.
The partnership will produce synergies from joint projects in Europe, India and Latin America, and the companies will work together in Renault's flagship EV business, electronics and solid-state batteries.
When it does sell, "Nissan would benefit from a right of first offer, to its or the benefit of a designated third party."of their 24-year-old automaking alliance, which was thrown into disarray by the ouster of its architect and former chairman, Carlos Ghosn, amid financial scandal. Investors and analysts will be looking for more clarity on how the trust in which Renault will place the bulk of its Nissan stake will operate.
Richter said Renault's brand is not seen as being a strong brand, so it may be tough for the French carmaker to raise money for Ampere.
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