The three-way alliance formed in 2010 between France's Renault, Japan's Nissan, and Germany's Daimler is a good example of international joint ventures/strategic alliance.

International Joint Ventures

Partnerships formed between companies from different countries to undertake economic activities together, combining resources and expertise across borders.

Strategic Alliance

A formal arrangement between two or more parties to pursue a set of agreed-upon objectives while remaining independent organizations.

Renault

A multinational automobile manufacturer based in France, known for producing a range of cars and vans, and participating in motor racing.