OCTOBER 25, 1999
Nissan takes the plunge
The company went on to detail its plans for recovery with the emphasis being on dovetailing operations with those of Renault, Nissan's major shareholder. The two companies will share engines and models, although the Renault and Nissan brands will remain separated even if the products are the same.
There have been rumors for some time that Nissan will enter Formula 1 within the next couple of years, using a new Renault-developed (and perhaps funded) V10 engine in an effort to improve the company's lackluster image. It is possible that it could happen as early as 2001 - with Tom Walkinshaw's Arrows team expected to have the deal.