Gadgets Africa
  • News
    UK children using TikTok, Snapchat increased in 2022 - Regulator

    UK children using TikTok, Snapchat increased in 2022 – Regulator

    Microsoft launches AI-powered cybersecurity tool

    Microsoft launches AI-powered cybersecurity tool

    Apple introduces Apple Pay Later

    Apple introduces Apple Pay Later

    Automaker Lucid Group lays off 1,300 workers

    Automaker Lucid Group lays off 1,300 workers

    Paystack co-founder Shola Akinlade acquires Danish football club

    Paystack co-founder Shola Akinlade acquires Danish football club

    AI company Cerebras releases ChatGPT-like models

    AI company Cerebras releases ChatGPT-like models

    China urges Apple to strengthen data security, privacy protection

    China urges Apple to strengthen data security, privacy protection

    FTX's Bankman-Fried faces new indictment of bribing Chinese officials

    FTX’s Bankman-Fried faces new indictment of bribing Chinese officials

    Google to launch new features for teachers, students

    Google to launch new features for teachers, students

  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders
Gadgets Africa
No Result
View All Result

Nissan to acquire 15% Renault EV stake

by Marcus Amudipe
February 6, 2023
in News
Reading Time: 1 min read
Nissan to acquire 15% Renault EV stake
Share on FacebookShare on TwitterShare on Telegram

 

By Christian George

The Japanese car manufacturer, Nissan, has made moves to acquire a stake of up to 15% of Renault electric vehicle Ampere.

The agreement was made on Monday after months of intense deliberations by the two car builders.

Reuters reported that the duo had previously announced reduction of Renault’s stake in Nissan to put the two on a more equal footing, extending for an initial period of 15 years, a partnership that has been in place since 1999 and also includes Mitsubishi Motors.

Nissan’s chief operating officer Ashwani Gupta, said “previously the alliance was more about synergie and global volumes, adding that “the next 15 years is about how we become the number one value creator for each other and our shareholders.”

The relationship between Nissan and Renault was punctured in 2018 due to the arrest of the architect and former chairman, Carlos Ghosn on the allegation of financial scandal.

Renault CEO Luca de Meo said “I consider that what we have agreed is a much better set-up than what we have had in the last past few years,” and, “we have now a new governance scheme that is much more straightforward, we can now operate like a normal company. Seen from Renault, is about regaining some strategic agility without breaking necessarily the ties and the synergies that were existing.”

Tags: Nissan
ADVERTISEMENT

Related Posts

UK children using TikTok, Snapchat increased in 2022 - Regulator
News

UK children using TikTok, Snapchat increased in 2022 – Regulator

by Alex Omenye
March 29, 2023
Microsoft launches AI-powered cybersecurity tool
News

Microsoft launches AI-powered cybersecurity tool

by Alex Omenye
March 28, 2023
Apple introduces Apple Pay Later
News

Apple introduces Apple Pay Later

by Alex Omenye
March 28, 2023
Automaker Lucid Group lays off 1,300 workers
News

Automaker Lucid Group lays off 1,300 workers

by Alex Omenye
March 28, 2023
Next Post
Meta to build social network for text updates

Exploitation suit: Court denies Meta's plea to be removed as defendant

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

Japanese lawmakers consider ban of TikTok, others

Japanese lawmakers consider ban of TikTok, others

March 27, 2023
Int'l law officers take down dark web ChipMixer

Int’l law officers take down dark web ChipMixer

March 15, 2023

Trending.

Google permits Donald Trump's Truth Social on Play Store

Google permits Donald Trump’s Truth Social on Play Store

October 13, 2022
Amazon adds new features to Fire TV

Amazon adds new features to Fire TV

December 21, 2022
Amazon to enter Indian market with MX player purchase

Amazon to enter Indian market with MX player purchase

February 10, 2023
Why I am buying Twitter - Elon Musk

Elon Musk challenges sexual abuse claim, establishes litigation unit

May 21, 2022
Tiktok users complain about new scary filters

Tiktok users complain about new scary filters

March 3, 2023
Gadgets Africa

© 2023 Gadgets Africa.

Navigate Site

  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

Share

No Result
View All Result
  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

© 2023 Gadgets Africa.

Go to mobile version