Renault-Nissan Alliance Agrees to Strengthen Its Partnership

PR62848

TOKYO and PARIS, Dec. 12/PRNewswire=KYODO JBN/ --

    Following a Renault Board of Directors meeting in Paris, and a Nissan Board

of Directors meeting in Tokyo today, Renault and the Nissan Motor Co., Ltd.

issued the following statement from Carlos Ghosn, Chairman and Chief Executive

Officer of the Renault-Nissan Alliance:

    "Today was an important day for the future of the Renault-Nissan Alliance.

After months of discussions, I am happy to say that an agreement has been

reached that builds on our heritage and strong foundations to achieve further

sustainable growth and success of the two partners. While there were important

short-term issues to address, it was imperative that all involved took a long

view."

    (Logo: http://photos.prnewswire.com/prnh/20140130/666713-a )

    The agreement is based on three points:

    - The principle of the French government's double voting rights within

      Renault to be maintained as of 1st April 2016, and a contract between

      the French government and Renault caps the French government's voting

      rights at 17.9%, up to 20% in case of an unusually high quorum at the

      shareholders general meeting;

    - No enfranchisement of Nissan shares in Renault;

    - A contract between Renault and Nissan providing for non-interference in

      Nissan's governance by Renault.

    Mr. Ghosn continued, "I want to thank all parties involved in helping us

reach today's agreement for their hard work, constructive spirit and business

vision. We now look forward to all parties returning their focus to day to day

operations to pursue sustainable growth for Renault and Nissan and to increase

performance through additional Alliance synergies."

    ABOUT THE RENAULT-NISSAN ALLIANCE

    The Renault-Nissan Alliance is a strategic partnership between Paris-based

Renault and Yokohama, Japan-based Nissan, which together sell one in 10 cars

worldwide. The companies, which have been strategic partners since 1999, sold

8.5 million vehicles in nearly 200 countries in 2014. The Alliance has

strategic collaborations with automakers including Germany's Daimler, Japan's

Mitsubishi, China's Dongfeng, and India's Ashok Leyland. The Alliance also owns

a majority stake in the joint venture which controls Russia's AVTOVAZ,

maker of the Lada brand.

    http://www.media.blog.alliance-renault-nissan.com

    http://www.media.renault.com

    http://www.nissan-newsroom.com

    Contact:

    Rachel Konrad

    Global Director of Communications and Marketing

    Renault-Nissan Alliance

    rachel.konrad@renault-nissan.com

    +33(0)6-17-62-01-72

    SOURCE: Renault-Nissan Alliance