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Renault-Nissan Alliance history
Renault-Nissan Alliance company history timeline
Renault bailed Nissan out of bankruptcy in 1999 and currently holds a 43% stake.
By the end of 2000, Nissan is contributing roughly half of Renault’s annual net profit, a situation that largely continues to this day.
Nissan announces its “Nissan 180” three-year growth plan, targeting an increase of 1 million vehicles in global sales by September 2005.
It announces a three-year “Value Up” plan to maintain a top-level operating margin, achieve global sales of 4.2 million units by March 2009 and a 20% return on capital on investments.
The automaker announces its five-year “GT 2012” plan to focus on investment but scraps it due to the financial crisis.
When former chairman of the alliance Carlos Ghosn, was arrested in Tokyo in November 2018, he was actively seeking a merger and a way to persuade France to give up its stake, and for Renault to seek a more equitable ownership with Nissan.
Selling, say, a 5% Nissan stake would bring in around 815 million euros ($900 million), or roughly half of Renault’s 2019 pre-tax profit, according to Refinitiv data.
The next year, they converge more functions, targeting 10 billion euros ($11 billion) in annual savings by about 2022.
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Renault-Nissan Alliance competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Mahindra Automotive North America | - | $46.7M | 598 | - |
| Satyam Venture | 2000 | $670.5K | 11 | - |
| Lucas TVS | 1961 | $65.4M | 3,000 | - |
| Pratt & Miller Engineering | - | - | - | - |
| Danlaw | 1984 | $560,000 | 10 | - |
| Motherson Group | 1986 | $8.4B | 114,628 | 9 |
| Denso International America, Inc. | 1985 | $2.6B | 12,000 | - |
Renault-Nissan Alliance history FAQs
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Renault-Nissan Alliance may also be known as or be related to Renault-Nissan Alliance and Renault-nissan Alliance.