Renault Nissan

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. Renault Group will transfer 28.4 per cent of the Nissan shares it owns into a French trust, so its stake will be the same 15 per cent that Nissan Motor Co. has in the French automaker. Voting rights would be neutralized for most decisions, the two companies said in a statement on Monday. The move had been anticipated because of leaks to various media outlets. The Nissan-Renault alliance began in 1999, at a time when the Japanese automaker was in tough financial straits. The disparity was a cause of friction, especially after Nissan became far more profitable than Renault.

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. Renault Group will transfer 28.4 per cent of the Nissan shares it owns into a French trust, so its stake will be the same 15 per cent that Nissan Motor Co. has in the French automaker. Voting rights would be neutralized for most decisions, the two companies said in a statement on Monday. The move had been anticipated because of leaks to various media outlets. The Nissan-Renault alliance began in 1999, at a time when the Japanese automaker was in tough financial straits. The disparity was a cause of friction, especially after Nissan became far more profitable than Renault.

The boards of the two firms would still need to individually approve a potential deal after Thursday's meeting

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Education technology start-up Skill-Lync on Monday said it has partnered with Renault Nissan Technology & Business Centre India (RNTBCI) for training and up-skilling of professionals. The partnership will drive comprehensive talent transformation programmes and the two partners will launch co-branded programmes to build a talent pipeline for their future needs, the company said in a statement. RNTBCI is the captive automotive technology and business centre supporting automotive alliance Renault and Nissan globally. As part of the partnership, Skill-Lync's students trained in various areas, including electric vehicles, autonomous vehicles, embedded systems, model-based development, automotive design, finite element analysis (FEA), computational fluid dynamics (CFD), and data analytics and data science, will be considered for entry-level and lateral hiring at RNTBCI, depending upon suitable skill sets and requirements. Moreover, internship opportunities will also be provided to ...

Nissan Motor India Pvt Ltd on Friday said Nissan Renault Financial Services India (NRFSI) has donated Rs 1 crore to the PM CARES Fund towards COVID-19 relief measures

Workers at the Renault-Nissan plant in Chennai filed an industrial arbitration suit demanding 20,000 rupees as a monthly interim settlement after the expiry of a previous wage agreement in March 2019

The Renault Nissan Automotive India Private Ltd and its workers union have created a history by going in for an arbitration to settle wage revision and other aspects, said a union official.

The Renault-Nissan plant resumed operations last week after workers earlier went on strike saying they felt unsafe due to a rising number of coronavirus infections at the factory

An interim peace deal has been signed between the Renault Nissan Automotive and its worker's union RNITS to try out the options to maintain social distance at the shop floor

Workers at the plant are on a strike over allegations that social distancing rules are not being followed

The standoff is a sign of the challenges companies face in resuming operations when new infections in India are rising.

Auto magnate-turned-fugitive Carlos Ghosn is campaigning to clear his name, and hopes a visit by French investigators to his home in exile in Lebanon will be his first real opportunity to defend

The plant near state capital Chennai will be shut from May 26 to May 30 to ensure safety amid rising Covid-19 cases

The state has imposed a lockdown until May 31 but allowed some factories, including auto plants, to continue operating

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

The workers have alleged their Covid-related safety demands have not been met

Renault-Nissan India and workers at its plant in the southern state of Tamil Nadu have been locked in a legal tussle after workers petitioned a court to halt operations

Renault and Nissan were among the weakest global automakers going into the coronavirus crisis

On Wednesday, the Alliance partners will outline a new plan with a less lofty objective, survival, the Reuters reported