Renault and Nissan will further stick together
Initially, shared dipped amid worries about the 20-year old alliance.
Stocks impacted: Renault (RENA), Nissan Motor (7201)
Shares in Renault managed to recover some of the lost ground after the French carmaker and its Japanese partner Nissan Motor rejected the recent reports that their alliance was in danger of being dissolved. The chairman of Renault Jean-Philippe Senard said that the alliance "solid, robust, everything but dead". As a reminder, the alliance also includes Japan's Mitsubishi Motors Corp. at the start of the week, Renault shares hit six-year lows amid investor concerns over the French group's 20-year alliance with Nissan.
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