RENAULT AND NISSAN SIGN NEW PARTNERSHIP AGREEMENT

The first change in the reborn Alliance is to refocus partnerships on high-value projects. These projects will focus on Latin America, India and Europe and will consist of market, vehicle and technical projects. In addition to this, automakers want more initiatives that each company can participate in.

First, Nissan will become a strategic shareholder in Ampere, an EV and software company founded by Renault. Just last year, the two companies announced plans to invest his $26 billion in electrical technology and build 30 new electric vehicles, which looks like a stepping stone toward that goal.

The remainder of the transaction will focus on a significant restructuring of the stock. Renault and Nissan will retain 15% cross-shareholdings with lock-up and suspension obligations. This means a “stop” period that postpones the sale of shares for a period of time and protects the company from takeovers. After that, both companies will be free to exercise their voting rights up to 15%.



https://ift.tt/8IeJF54 RENAULT AND NISSAN SIGN NEW PARTNERSHIP AGREEMENT


Auto Updates

Comments

Post a Comment

Popular posts from this blog

Sonny Barger’s famous Hells Angels and best-selling author dies at age 83 – Insane Throttle Biker News

Image
Subscribe to the YouTube channel Insane Throttle to get a variety of biker-focused shows and news. Oakland — Sonny, a well-known founding member of Hells Angels, who ran the country on motorcycles, wrote best-selling books, fought the law, won several times, and advocated opposition to smoking after being diagnosed with throat cancer. Barger died at the age of 83. The announcement of Burger’s death was made on his official Facebook page, along with a post containing a farewell message written by Burger. “Reading this message tells me I’m gone. I asked him to post this note shortly after he died,” the post said. “I have had a long and good life full of adventure, and I have the privilege of being part of a great club.” According to the post, Burger died of cancer and was surrounded by his wife Zorana and other loved ones. Born in Modesto, Ralph Hubert Burger moved to Auckland as a kid, joined the US Army as a teenager, and was drawn to motorcycle clubs from an early age. Berg
Read more

The arrest of a motorcycle gangster leads to a business search – insane throttle biker news

Image
If you haven’t subscribed to our YouTube channel you’re missing https://www.youtube.com/c/insanethrottlebikernews An agent at the Isle of Wight County Sheriff’s Office searched for Portsmouth’s business on February 18. The investigation they say stems from the arrest of Ronald Matthews, a member of a suspected outlaw motorcycle gang, last year. The agent arrested Matthews, 35, at his home in Carsville in December and charged him with seven felony and one misdemeanor resulting from a search for two vehicles reportedly stolen. According to an investigation warrant and accompanying affidavit filed with the Portsmouth Circuit Court on February 18, Matthews allegedly possessed a 2019 Ford F350 truck with a counterfeit vehicle identification number on December 7. .. Virginia under the fake Alabama title. The sheriff’s office claims that Matthews is a top member of the Wheels of Soul outlaw motorcycle gang. According to the US Department of Justice website, outlaw motorcycle gangs ar
Read more

Sensata takes a smart approach to sensor production | 2021-12-17

This website requires certain cookies to function and uses other cookies to provide the best experience. When you visit this website, certain cookies are already set and can be deleted and blocked. By closing this message or continuing to use our site, you consent to our use of cookies.Please see the updated one See our privacy and cookie policy for more information. This website uses cookies By closing this message or continuing to use our site, you agree to our cookie policy. learn more This website requires certain cookies to function and uses other cookies to provide the best experience. When you visit this website, certain cookies are already set and can be deleted and blocked. By closing this message or continuing to use our site, you consent to our use of cookies.Please see the updated one See our privacy and cookie policy for more information. https://ift.tt/3GYuxHy Sensata takes a smart approach to sensor production | 2021-1
Read more