Nissan Renault Alliance

Diesel engine vehicles have seen a steep hike in prices after the second phase of BS-VI norms was implemented by the government

The two will produce six new vehicles in the South Asian nations- including two electric cars - for domestic and international customers

Nissan and Renault have changed their mutual cross-shareholdings equal at 15 per cent, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4 per cent stake in Nissan Motor Co. It will transfer shares equivalent to a 28.4 per cent stake to a French trust, so it will hold a 15 per cent stake in Nissan, just as Nissan holds 15 per cent of the French automaker, according to the companies. The disparity between the holdings was a cause of friction, especially after Nissan became far more profitable than Renault. The cross-national alliance, creator of the Leaf electric car and Infiniti luxury models, remains one of the world's top auto groups. But it has had its ups and downs since it began in 1999, when Renault sent one of its executives, Carlos Ghosn, to then-struggling Nissan to lead a turnaround. Ghosn first served as Nissan's chief executive and later its chairman before he was arrested in late 2018 on various financial miscond

Executives have discussed Renault's carve-out plan and reshaping the pair's two decade-old alliance since February during meetings in France and Japan.

At a time when the workers of two car manufacturers are negotiating severance package and wage revision, Hyundai Motors India Ltd has announced the inking of wage agreement with its worker's union

The architect of the Renault-Nissan auto alliance has been fighting multiple probes since fleeing in late 2019 to Lebanon from Japan, where he faced separate financial misconduct allegations

Magnite has so far received over 1 lakh customer bookings in domestic and export markets, Nissan India said in a statement

The Madras High Court has ordered the Tamil Nadu government to have supervision at Renault Nissan Automotive India Private Ltd so that the workmen are not forced to work risking their health

Nissan is looking to sell some or all its 34% stake in Mitsubishi, Bloomberg News reported, citing unidentified sources, a move that would reshape a three-way alliance that includes France's Renault

Ghosn, who also ran French carmaker Renault SA, has been in Lebanon since January after fleeing Japan before he was due to stand trial

SUV may determine how much heft Nissan will wield as it and alliance partner Renault SA thrash out their respective roles in the Indian market

The moves are set to undo the growth strategy pushed earlier by Carlos Ghosn, former leader of both companies, to sell around 14 million cars by 2022

In 2019, domestic volumes were at 18,000 units a year, with exports being at least four times that number making the subcontinent an export platform for the company

Nissan will formally take a decision on whether to leave the fund, Alliance Ventures, by the end of this month, the two Nissan insiders told Reuters

"I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied."

The company's shares fell 3.1% to 633 yen, the lowest since 2011, as of the close Wednesday in Tokyo.

Years of heavy discounting and fleet sales, particularly in the United States, has left Nissan with a cheapened brand image and low vehicle resale value as well as dented profit.

(Reuters) - Carmakers Nissan Motor Co <7201.T> and Renault SA are trying to reach a deal to reshape their global alliance, in hopes of reviving Renault's merger talks with Italy's Fiat Chrysler Automobiles NV , the Wall Street Journal reported on Friday, citing emails and people briefed on the talks.

A Nissan spokesman said Saikawa had mentioned an excessive concentration of power in one person - Carlos Ghosn