Nissan and Renault unite for performance

Nissan and Renault unite for performance

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Nissan and Renault are most likely to merge and establish a new brand.

Both the renowned brands have lately been in talks for a merger to solidify their alliance under a single stock and to enter the electric automotive industry in the times ahead.

As per Bloomberg report, Renault currently possesses 43% of Nissan while the Japanese carmaker Nissan enjoys a 15% stake in its French counterpart.

A merger would also help stir competition amid their rivals, namely; Volkswagen AG and Toyota Motor Corp.

If this merger turns out to be a success, Nissan will share its shareholder stocks with Renault in exchange for their holdings.

Nevertheless, the automaker may maintain headquarters in both Japan and France, however more details about this are yet to be revealed in the near-future.

On the other hand, Nissan and Renault might end up being headquartered in Japan or France, or maybe both.

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Urooj Fatima

A self-motivated & result oriented individual whose modus operandi is to weave elements of success together & forge ahead in all spheres of life.

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