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Signed on March 27, 1999, the RenaultNissan Alliance is the first of its kind involving a Japanese and a French company, each with its own distinct corporate culture and brand identity, linked through cross-shareholding. Renault has a stake of 44.4% in Japanese automaker Nissan Motor Co., Ltd. while Nissan in turn has a 15% stake (non-voting) in Renault.
For 2004 Renault reported a 43% rise in net income to 3.5 billion and 5.9% operating margin, of which Nissan contributed 1,767 million. The Group (Renault, Dacia, Renault Samsung Motors) posted a 4.2% increase in worldwide sales to a record 2,489,401 vehicles, representing a global market share of 4.1%. Renault retained its position as the leading brand in Europe with 1.8 million passenger cars and light commercial vehicles sold and market share of 10.8%.
altogether its good company, ru a mechnical engineering?