The Renault–Nissan–Mitsubishi Alliance, originally known as the Renault–Nissan Alliance, is a French-Japanese strategic alliance between the automobile manufacturers Renault, Nissan and Mitsubishi Motors, which together sell more than 1 in 9 vehicles worldwide. Renault and Nissan have been partners since 1999, and Mitsubishi was added to the alliance in 2017. The partnership was not a merger, but instead the companies have cross ownership (owning stock of the other partners), a common relationship between companies in Japan. As of January 2023, Renault and Nissan each own 15% of the shares of the other company and Nissan owns 34% of the shares of Mitsubishi. The structure was unique in the auto industry during the 1990s, an era that saw the mergers of several other manufacturers. More information...
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