Page 96 - 60 YEARS NISSAN NIC. J. THEOCARAKIS S.A.
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1999
Nissan's partnership
with Renault was announced on March 27th. Nissan acquired 15% of Renault’s shares; the latter is now holding 44.3% of Nissan’s shares. Nissan initially had 27 car platforms, which in 2005 were reduced to 14
and in 2008 to 7, shared with the French.
(March 1998) against the ECU by 12%, resulting in an upward adjustment in car prices by +2.5-14%. Nonetheless, the market was not negatively affected, as in November 1998 and 1999, two laws reduced the taxation on cars, resulting in lower retail prices, although the earthquake
in Athens on September 7th, 1999 shifted consumer priorities. The brief «Stock Market spring», however,
Off-road or in shows, a Nissan will go everywhere.
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