Love, hate and reconciliation, the crazy Renault-Nissan saga

At the rate things are going on the stock market, Renault (11 billion euros) may be worth more than Nissan in the coming weeks. AFP / ERIC PIERMONT / AFP / KAZUHIRO NOGI

GREAT STORY – The new rules of common life between the two manufacturers will be revealed in a few days.

They almost signed in mid-November 2022, just four years after Carlos Ghosn was arrested in Japan. It would have been in bad taste. Then December 7, the anniversary of Pearl Harbor. It wasn’t much better, on the symbolic side. It will finally be at the beginning of February. Within two weeks, Renault and Nissan, as well as Mitsubishi, will announce their new Alliance, nearly twenty-four years after its birth.

It will be radically different. For some, this agreement, the terms of which were laid down last week, saves the Alliance; for others, it is the symbol of a disintegration. For almost everyone, an outcome has become inevitable. This Thursday, the operational council of the Alliance, which brings together the leaders of the three groups, meets. By videoconference. Sign that the essential, after twenty-four years of stormy life together and ten months of yet another Franco-Japanese marathon of negotiations, is now acquired.

March 27, 1999

Half owned by the French state, European if not French…

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