Renault and Nissan will create a new joint venture

Renault and Nissan will create a new joint venture

December 2, 2019 0 By autotimesnews

French and Japanese automakers have agreed to create a new company engaged in research and development of advanced automotive technology.

Alliance partners, along with junior partner Mitsubishi Motors, will announce a specific plan in January, Kyodo News reported on Sunday, citing people familiar with this issue.

According to French media reports, the partners appointed Hadi Zablite, a French-Lebanese engineer, to be the Secretary General of the alliance to intensify cooperation and restart joint operations.

Zablit, 49, is currently the Alliance’s business development manager responsible for developing the Common Module family of platforms, new technology partnerships, mobility services, and product planning synchronization.

On Sunday, Nissan created a new leadership team led by 53-year-old Makoto Uchida, the head of China’s auto business. Renault is also looking for a new CEO, interim finance chief Clotilde Delbos.

Relations in the alliance worsened after the arrest and exile of former top manager Carlos Ghosn, who was arrested a year ago in Tokyo on charges of financial crimes, which he denies.