Friday, January 27, 2023

Renault, Nissan said to plan new projects code-named 'reloaded' to reboot alliance.

 

Cars

Renault and Nissan aim to rejuvenate their two-decades-old cooperation with a range of industrial projects as part an agreement that will see Renault reducing its stake in its Japanese partner.

The two companies plan to present details of their deal in London on Feb. 6, sources said.

Renault, Nissan and junior partner Mitsubishi Motors will embark on about five projects, code-named “reloaded,” with others to follow, sources said.

One involves India, where the companies operate a plant on the outskirts of Chennai making small cars, engines and gearboxes, and another is for joint work on commercial vehicles. Other projects will spur closer collaboration in Latin America.

It was not immediately clear if already announced deals to produce the successor to the Nissan Micra in a Renault plant in France and Mitsubishi's new ASX and Colt models in Renault plants in Spain and Turkey would be considered part of those five projects.

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