Renault-Nissan Alliance Agrees to Strengthen Its Partnership

Tokyo and Paris (ots/PRNewswire) -

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

ots Originaltext: Renault-Nissan Alliance
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