Renault and Nissan have gained greater “freedom” to pursue their own ventures under a major reset of their strife-riddled 24-year alliance, the boss of the French carmaker has said.
The French and Japanese carmakers will no longer be bound by the need to “compromise”, or to work together in areas where they cannot both benefit, Luca de Meo told the Financial Times.
The pair nevertheless announced several new joint manufacturing projects in India, Latin America and Europe on Monday as part of a historic shake-up of their partnership, after the boards of both groups approved a deal that equalises their cross-shareholdings in each other, a longstanding source of dispute.
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