Big companies often work together in the car industry to make things better. Nissan and Renault are two big car companies that have been talking about changing how they work together. Finally, they have come to an agreement and are getting ready to tell everyone about it. Let’s take a look at what’s been happening and how this new partnership might change things in the car world.
Recap of the Talks
In February, Nissan and Renault shared their plan to work together in a new way. They said Nissan would get some of Renault’s electric car business called Ampere, and Renault would own less of Nissan. This showed they both wanted to focus more on electric cars and help the environment.
But, some important people at Nissan weren’t sure about the deal. They worried about keeping their important ideas and inventions safe. This is something every business wants to do, especially in the car world where technology is crucial.
After some time, news came out that Nissan had changed its plan for investing in Ampere. They will now decide how much to invest based on how much Ampere is worth. It might be less than what they said before. This shows Nissan wants to be careful with their money while still working with Renault.
Nissan and Renault Partnership Talks Are Still Going On
The new partnership wants more people to invest in Ampere, Renault’s electric car business. Mitsubishi and Qualcomm are interested in putting money into it. Ampere is planning to be a public company by 2024, and experts think it could be worth a lot of money, around $11.2 billion.
Although some news said the announcement of the new partnership is almost here, Nissan said they are still talking about it. This means they want to make sure everything is right before they tell everyone.
Carlos Ghosn’s Thoughts
Carlos Ghosn, a former boss at Nissan and Renault, talked about the new deal. He said it’s like a small partnership with fewer things to work on together. He also said there is still some lack of trust between the two companies, and that’s something they need to work on.
Conclusion
The new partnership between Nissan and Renault could bring big changes to the car world, especially when it comes to electric cars. Both companies have some things to sort out, but they are excited to work together and bring more innovations to the automotive industry. We’ll have to wait and see what they announce, but it looks like the car world is in for an exciting journey ahead.
For the Indian market this partnership could do wonders, as India is an emerging market in terms of electric cars. If Renault and Nissan can both join hands then they can release some good made for India cars like they did with the Magnite and the Kiger.