2007 Interactive Registration Document - Renault

1.3 THE RENAULT-NISSAN ALLIANCE
On March 27, 1999 Renault acquired a 36.8% equity stake in Nissan, together
with Nissan’s European fi nance subsidiaries, for a transaction amount of
¥643 billion (approximately €5 billion or $5.4 billion).
Renault now holds 44.3% of Nissan and Nissan owns 15% of Renault.
Each company has a direct interest in the results of its partner.
1.3.1 OBJECTIVES OF THE ALLIANCE
1.3.1.1 VISION – DESTINATION OF THE
RENAULT-NISSAN ALLIANCE
March 27, 2004 marked the fi fth anniversary of the agreement heralding the
creation of the Renault-Nissan Alliance. Both Renault and Nissan took this
opportunity to restate the values and principles underpinning the Alliance and
to announce new ambitions for the future in the shape of a common “Alliance
Vision – Destination” document.
Vision – Destination of the Renault-Nissan Alliance
The Renault-Nissan Alliance is a unique structure of two global
companies linked by cross-shareholdings:
n they are united for performance through a coherent strategy,
common goals and principles, results-driven synergies and shared
best practices;
n they respect and reinforce their respective identities and brands.
The principles of the Alliance
The Alliance is based on trust and mutual respect. Its organization
is transparent. It ensures:
n clear decision-making for speed, accountability and a high level
of performance;
n maximum effi ciency by combining the strengths of both companies
and developing synergies through common organizations, crosscompany
teams, shared platforms and components.
The Alliance attracts and retains the best talents, provides good
working conditions and challenging opportunities: it grows people
to have a global and entrepreneurial mindset.
The Alliance generates attractive returns for the shareholders of
each company and implements the best established standards of
corporate governance.
The Alliance contributes to global sustainable development.
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RENAULT AND THE GROUP 01
THE RENAULT-NISSAN ALLIANCE
The Alliance has demonstrated its capacity to improve the individual performance
of both partners, while protecting their respective corporate and brand identities,
as the result of founding principles chosen to promote balance within the
partnership and to capitalize on the complementary strengths of two groups
with a global presence.
Renault and Nissan sold a total of 6,160,046 vehicles in 2007, up 4.2%, giving
global market share of 9.1% and a new annual sales record for the Alliance.
“Alliance Vision – Destination” was approved by the Alliance Board and has
been distributed to all employees in both groups.
The Fourth Alliance Convention was held in Paris in September 2006. The event
was attended by top management and key Alliance players, with representatives
from all sectors of Renault and Nissan.
The Convention provided an opportunity to reaffi rm the Alliance’s founding
principles and its three objectives.
Three objectives for the future
The Alliance develops and implements a strategy of profi table growth
and sets itself the following objectives:
n to be recognized by customers as being among the best three
automotive groups in the quality and value of its products and
services in each region and market segment;
n to be among the best three automotive groups in key technologies,
each partner being a leader in specifi c fi elds of excellence;
n to consistently generate a total operating profi t among the top three
automotive groups in the world, by maintaining a high operating
profi t margin and pursuing growth.
The objectives of “Vision – Destination of the Renault-Nissan
Alliance” were confi rmed at the Third Alliance Convention in Tokyo
on October 18, 2005, which was attended by some 300 senior
executives from Renault and Nissan and other key players in the
Alliance. In his opening speech, Carlos Ghosn, President and CEO
of Renault and Nissan, repeated that the groups were united in
their quest for performance, while each company retained its own
identity. Mr. Ghosn also unveiled the Alliance’s new organization (see
c hapter 1.3.2).
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