Alliance Renault-Nissan-Mitsubishi marked the “new start”

Alliance Renault-Nissan-Mitsubishi marked the “new start”

March 13, 2019 0 By autotimesnews

This year, on March 27, the alliance will celebrate its 20th anniversary, and the leaders of all three companies have confidently confirmed that the alliance is important and useful. Final agreements on the activities of the council will be signed directly on the anniversary.

From now on, all activities of the Renault-Nissan-Mitsubishi Alliance will be controlled by a new body – the operating board. It includes the bosses of the companies: Thierry Bollore (Renault), Hiroto Saikawa (Nissan) and Osamu Masuko (Mitsubishi). The new structure was headed by Jean-Dominique Senart, Chairman of the Board of Directors of Renault. The Memorandum of Understanding was signed today in Japan by all three parties.

It is emphasized that the council will become the sole governing body of the alliance and the main factor of the “new start”. It will promote operational cooperation between companies and “look for new ways to make a profit for their shareholders and employees.” Meetings should be held every month in Paris or Tokyo, and decisions should be made by consensus.

The fate of the two joint ventures remains unclear: Renault-Nissan B.V. and Nissan-Mitsubishi B.V., registered in the Netherlands. Previously, the alliance was managed through them. Now RNBV and NMBV are in the epicenter of the investigation, but they are unlikely to close. Rather, companies will become a kind of backup for the newly created council.

In today’s meeting, Carlos Ghosn, who was released on bail of $ 9 million, wanted to take part in the meeting, but the court forbade him to do so. Ghosn spent 108 days in a Japanese prison and does not admit guilt. On three charges he faces up to 10 years in prison. The trial will probably last several more months. Before sentencing, the leadership of the alliance refuses to comment on the situation.