The new version of the Renault-Nissan alliance that was announced Monday in Boulogne and Yokohama will be billed as a new beginning. Both automakers have characterized it as a “milestone.” But in reality it’s a serious breakup between two badly damaged partners who remain married in name only. A former insider, pointing out that Renault’s stake will fall to 15%, from 43% at present, shatters the fresh-start fairy-tale narrative […]
