Renault is a French multinational automobile manufacturer established in 1899. The company produces a range of cars and vans, and in the past has manufactured trucks, tractors, tanks, buses/coaches and autorail vehicles. In 2016 Renault was the ninth biggest automaker in the world by production volume. By 2017, the Renault-Nissan-Mitsubishi Alliance had become the world's biggest seller of light vehicles, bumping Volkswagen off the top spot. Headquartered in Boulogne-Billancourt, near Paris, the Renault group is made up of the namesake Renault marque and subsidiaries, Alpine, Automobile Dacia from Romania, Renault Samsung Motors from South Korea, and AvtoVAZ from Russia. Renault has a 43.4% controlling stake in Nissan of Japan and a 1.55% stake in Daimler of Germany. Renault also owns subsidiaries RCI Banque, Renault Retail Group and Motrio. Renault has various joint ventures, including Oyak-Renault, Renault Pars. Carlos Ghosn is the current chairman and CEO. The French government owns a 15% share of Renault. Together Renault and Nissan invested $5.16 billion in eight electric vehicles over three to four years beginning in 2011. Renault is known for its role in motor sport, particularly rallying, Formula 1 and Formula E. Its early work on mathematical curve modeling for car bodies is important in the history of computer graphics.