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Nissan-Renault alliance

Nissan, Renault redo partnership to tackle industry's challenges

After 24 years, new relationship forged to strengthen emerging market collaboration

As part of the agreement, Renault will reduce its stake in Nissan to 15%.   © Reuters

TOKYO -- Nissan Motor and Renault will now take on the ever-stormy auto industry as equals, balancing out a 24-year-old capital relationship in which the French automaker owns 43% of its Japanese partner and Nissan holds a 15% stake in the French company.

Nissan had grown increasingly uncomfortable with the arrangement, which gave Renault voting rights in Japan but left it with no say in how Renault was run.

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