They have created a partnership called the Nissan/Renault Alliance, neither one owns either one.
Renault bought 44% of the company to help Nissan from going bankrupt. While Nissan owns 15% of Renault.
http://www.nissan-global.com/EN/COMPANY/ALLIANCE/BASICS/index.html
2006-10-01 12:06:46 · 4 answers · asked by 510Driver 3 in Cars & Transportation ➔ Car Makes ➔ Nissan
John Paul:
It is true that they are the biggest share holder, but that doesn't make them owner of the company, but they are 50/50 on all of the decisions that are made for both companys. As for them work with GM, well lets just say it will be very interesting to see if they use a Titan engine in a Chevy/GMC Truck, LOL.
2006-10-01 21:39:23 · update #1
Gerald S:
Effectively speaking, if I went in on a pie with you 44% to be exact. You want pie and I want pie, but I will take the whole thing, because technically I own it, does that sound about right to you!
2006-10-02 21:29:12 · update #2
But it is true Renault is majority share holder. Nissan was on the skids back in early 1990. Now we might own the biggest car maker in the world!
2006-10-01 12:28:27 · answer #1 · answered by John Paul 7 · 0⤊ 0⤋
Perhaps you are not aware that Renault, Nissan and GM are currently having discussions to merge together into one large international automotive company.
2006-10-01 12:39:36 · answer #2 · answered by TheSlayor 5 · 0⤊ 0⤋
When you own 44% of another company, you effectively run it as if you owned 100%.
2006-10-02 02:32:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
One of renaults top executives is running nissans efforts in their domestic market. (japan)
2006-10-03 11:43:02 · answer #4 · answered by ThisJustin 5 · 0⤊ 0⤋