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Renault–Nissan–Mitsubishi Alliance
The Renault–Nissan–Mitsubishi Alliance is a French-Japanese strategic alliance between the automobile manufacturers Renault (based in Boulogne-Billancourt, France), Nissan (based in Yokohama, Japan) and Mitsubishi Motors (based in Tokyo, Japan), which together sell more than 1 in 9 vehicles worldwide.[1] Originally known as the Renault–Nissan Alliance, Renault and Nissan became strategic partners in 1999 and have nearly 450,000 employees and control ten major brands: Renault, Nissan, Mitsubishi,[2] Infiniti, Renault Samsung, Dacia, Alpine, Datsun, Venucia and Lada.[3] The car group sold 10.6 million vehicles worldwide in 2017, making it the leading light vehicle manufacturing group in the world.[4] The Alliance adopted its current name in September 2017, one year after Nissan acquired a controlling interest in Mitsubishi and subsequently made Mitsubishi an equal partner in the Alliance.[5]
As of December 2019, the Alliance is one of the world’s leading electric vehicle manufacturing groups, with global sales of over 800,000 electric vehicles since 2010.[6] The top selling vehicles of the Alliance EV line-up are the Nissan Leaf and the Renault Zoe all-electric cars.
The strategic partnership between Renault, Nissan and Mitsubishi is not a merger or an acquisition. The three companies are joined together through a cross-sharing agreement. The structure was unique in the auto industry during the 1990s consolidation trend and later served as a model for General Motors and the PSA Group,[7] and Mitsubishi, as well as the Volkswagen Group and Suzuki,[8] though the latter combination failed.[9] The Alliance itself has broadened its scope substantially, forming additional partnerships with automakers including Germany’s Daimler and China’s Dongfeng.[8]
Following the November 2018 arrest and imprisonment of Alliance chairman and CEO Carlos Ghosn, accompanied by his dismissal from the alliance and its components, press analysts have questioned both the stability of the Alliance’s shareholding agreement and its long-term existence.[10] These analysts also note that, because the companies’ recent business strategies are interdependent, attempts to restructure the Alliance could be counter-productive for all of the members.[11]
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