Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens' suffering march and Mr. Aviation's clue delivery! CTOnews.com September 28 news, according to Japan's Kyodo news agency, France's Renault Motor Company recently announced the termination of the joint procurement contract with Nissan Motor and Mitsubishi Motors.

▲ source Renault official website reported that the three companies have been committed to parts standardization to reduce costs, but in the future will shift to regional, product-by-product cooperation model. To this end, Renault and Nissan agreed to review capital relations and sign the final contract at the end of July, and the original co-procurement organization was adjusted to purchase on a project basis.

Renault has a long-standing partnership with Nissan, which acquired a stake in Nissan in 1999 to form a Renault-Nissan alliance, and in 2016, the Renault-Nissan alliance acquired Japan's Mitsubishi Motors to form the Renault-Nissan-Mitsubishi alliance.

▲ Tuyuan Nissan website CTOnews.com previously reported that Nissan and Renault announced a new framework agreement in February this year, Renault's stake in Nissan will be reduced to 15 per cent from the current 43.4 per cent, and the two automakers will hold 15 per cent of each other's shares and voting rights respectively, hoping to cross-shareholdings and strengthen alliance governance.

In July, after nearly half a year of tug-of-war, Nissan announced that a final agreement had been reached in a series of negotiations with French car giant Renault on the equalization of capital relations. Nissan and Renault's mutual shareholding ratio will remain equal. Nissan will contribute up to 600 million euros to Ampere, a new electric vehicle company formed by Renault.

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