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When did Renault buy Nissan?
I recently heard something about Nissan and Renault working together, or Nissan being owned by the other company. I don’t know a lot about car manufacturing behind the scenes, but I’m curious—especially since I currently own a Nissan, not to mention my dad was a long-time Renault fan. When did Renault buy Nissan?
Kathryn Mae Kurlychek · Answered on Dec 29, 2022
Reviewed by Shannon Martin, Licensed Insurance Agent.
It perhaps comes as no surprise when German auto manufacturing companies, like Volkswagen, eat up fellow German companies or when British automakers merge to expand their scope.
However, a union between French and Japanese auto companies was unheard of, especially when Renault and Nissan joined hands. That was in 1999, to be exact.
The partnership was spearheaded by a charter, which formed the Renault-Nissan Alliance in July 1999. Per the agreement outlined in the charter, the Renault company was granted an impressive 44.3% stake in Nissan. In return, Nissan earned 15% of Renault’s shares.
The compromise aligned the interest of both companies—and proved that teamwork really does make the dream work. By 2004—in just five years of partnership—the Renault-Nissan Alliance saw a staggering 5.7 million in combined sales and represented nearly 10% of the global automobile market.
Today, over 20 years later, the agreement between Renault and Nissan stands steadfast. These French and Japanese automakers continue collaborating to produce powerful and well-made vehicles.
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