- Nissan expects a net profit of 2.1 billion euros in 2023/2024, a real breath of fresh air after several years in the red
- Renault is sketching out ways to find new funding for its electrical projects and for Alpine
- The new alliance between Nissan and Renault has been delayed
Morale was very good this Thursday at Nissan on the occasion of the presentation of the annual results. The Japanese manufacturer, an ally of Renault, has just announced a net profit of 1.5 billion euros on April 1st. For 2023-2024, the company is aiming even better with a 42% increase and 2.1 billion euros in net profit.
Nissan rejoices
After several years in the red, the company says it has benefited from its action plan launched in 2020 aimed at greater financial discipline. According to Capital, the fall of the yen against the dollar last year also played in its favour. As for the president of Nissan, Makoto Uchida, he welcomes the regained competitiveness of his vehicles and looks to the future with serenity.
Chance of the calendar, Renault also held its general meeting this Thursday, May 11. There is no doubt that the French company which still owns 43.4% of Nissan appreciated this good news. We know, however, that the tricolor company will drop to 15% of voting rights at Nissan and freeze 28.4% of its shares which will be housed in a trust under French law. According to our colleagues from echoesthis agreement is still struggling to materialize, and the companies, while remaining allies, are increasingly keen on their independence of action.
Renault prepares for the future
Yesterday, Luca de Meo, the CEO of Renault, presented his plans for the electrical and software entity of his group called Ampère. While electrification is a priority issue, he says “explore the possibility of involving other strategic investors in Ampère beyond Qualcomm”.
And an IPO is by the way very clearly envisaged by the end of 2023. However, market conditions will have to allow it, says the manager. Among the firms interested in this investment, we find Mitsubishi, but also Nissan.
Quoted by The echoesa French expert reports however: “Nissan is dragging its feet. They will invest in capital but want to bring neither resources nor technologies. »
Finally, Renault intends to pamper its Alpine nugget. The capital of the entity is now open and the boss of Renault hopes to present new shareholders by the end of 2023. Subsequently, three new electric models should be unveiled next year.
