Renault and Nissan plan to combine some functions

Article Abstract:

France's Renault SA, and Japan's Nissan Motor Co. plans to combine its Amsterdam and Paris sales and marketing functions as part of a broad restructure that will involve job cuts and generate at least 1 billion euros through increase in sales income and lowered costs.

Netherlands, Brief Article

Volvo to take over truck unit of Renault in a swap of stock

Article Abstract:

AB Volvo has acquired the heavy-truck operations of Renault SA. The stock-swap deal is valued at 1. 7 billion euros.

Motor vehicles and car bodies, Sweden, Heavy Duty Truck Manufacturing, Trucks, Heavy Duty, Truck industry, AB Volvo, Heavy duty trucks

Renault proposes to acquire 35% stake in Nissan as part of strategic alliance

Article Abstract:

Renault SA has made a formal proposal to acquire a share in Nissan Motor Co. Renault is proposing to buy approximately 35% of Nissan in a deal estimated to be worth $5 billion. The board of directors of Renault made the formal offer to Nissan as they requested exclusive negotiations. Nissan is the second-ranked auto maker in Japan. Nissan said it would try to establish the conditions for an alliance by the end of March 1999.

Comment:

Renault proposes to acquire approx 35% of Nissan for an estimated $5 billion

Japan, Foreign operations, Abstract