LONDON - Nissan and Renault on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15% in Renault's electric vehicles unit Ampere.

The two companies gave details of new joint projects in Latin America, India and Europe.

LATIN AMERICA

The four projects to be considered in Latin America include:

INDIA

For India and export, Renault Group and Nissan would collaborate on several new vehicle projects including new SUVs shared by both Renault Group and Nissan, and a New Nissan car derived from the Renault Triber.

Nissan and Renault Group are also considering common A-segment electric vehicles.

EUROPE

The companies are exploring the following initiatives:

  - Reuters