Renault-Nissan Alliance: Date set for redesign presentation

By Temitope Adebayo

France’s Renault and its Japanese partner Nissan will formally unveil the agreement to reshape their alliance on Feb. 6 in London, the two car makers said in a joint statement on Thursday.

The announcement, with junior alliance partner Mitsubishi Motors, confirmed a Jan. 26 Reuters exclusive about the deal, which will retool the two-decade-old alliance to put the two car makers on an equal footing and which will see Nissan invest in Renault’s new electric vehicle business.

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“At this conference, the members of the alliance will present the agreements that will define the new bases for their partnership – presuming prior approval of their respective boards,” the three companies said.