Renault, Nissan And Mitsubishi Announce “New Start” For The Alliance

The CEOs of Renault, Nissan and Mitsubishi announced the creation of a new operating board, signaling what they called a “New Start” for the troubled alliance that was shaken by the charges of financial misconduct against Carlos Ghosn.

Chairman of Renault Jean-Dominique Senard, Nissan’s CEO Hiroto Saikawa, Thierry Bolloré, CEO of Renault and Osamu Masuko, CEO of Mitsubishi in their first joint statement said that the new Alliance operating board will oversee all operations.

The new board will “lay the foundations of the new development stage of the Alliance”, composed by the CEOs of the three companies and overseen by Senard.

The creation of the new operating board will not affect the existing structure of the Alliance, as it aims to preserve the independent character of all three car makers. Renault has also agreed in letting Nissan’s special committee to independently pick its next chairman.

Renault, Nissan and Mitsubishi want the new board to supersede the other joint ventures in the alliance, including the Netherlands-based Renault-Nissan BV and Nissan-Mitsubish BV. These joint ventures are currently under investigation in the Ghosn case.

Back in January, Nissan and Mitsubishi accused Ghosn of receiving around $8.9 million from Nissan-Mitsubishi BV as improper compensation. The venture was created to reward employees that propose savings. Nissan and Mitsubishi said that Ghosn used the venture to receive large rewards for himself.

The three carmakers will sign the final agreement at the 20th anniversary of the Alliance. Its new board intends to meet every month in Paris or Tokyo and update stakeholders regularly.

  • Bo Hanan

    Does the restart include helping Mitsubishi find it’s a$$?

    • Belthronding

      AMEN

    • Dennis Scipio

      Yes, they are trying to improve the quality Crossovers & SUVs and Small cars.

  • Andrew Ngo

    I predict…Mitsubishi will die within 5 years, Nissan will start losing its market share except for EVs, Infiniti will have a longer death, Renault will remains as it is.

Driven: 2019 Hyundai Kona Elite Is A Crossover You Might Actually Want

Behind its cute looks, the Kona is a crossover with lots of appealing features that won’t break the bank.

Drako GTE Is A 1200 HP Electric Hyper Sedan That Promises Supercar-Like Handling

Loosely based on the old Fisker Karma, it’s got a massive output, impressive tech and costs $1.25 million.

2019 BMW 330i Fights The Clock At The Hockenheim GP Track

For a four-pot-powered sports sedan, the new generation 330i performed remarkably well on the circuit.

Mercedes-AMG GT 63 S: A Sexy Super Saloon For Those Who Want It All

The GT 63 S four-door combines aggressive looks, room for four and extreme performance, so if you can afford it…

2020 Mitsubishi L200 Arrives In The UK With £21,515 Base Price

The updated L200 remains a true workhorse, but it now looks more modern and is much improved in all aspects.

Renault Triber Is Bound To Be Full Of Compromises – So, Is It?

Renault’s budget SUV for the Indian market is built to a price, but this doesn’t mean that customers must pass on it.

The UK Now Has More EV Charging Locations Than Gas Stations

Compared to the 8,400 fuel stations, there are currently 9,300 locations for EV car charging in Britain.

Is The e-Legend Concept The Best Looking Peugeot Ever Not Made?

Aside from great design, the e-Legend also boasts a 456 HP electric powertrain and Level 4 autonomy .

Opel To Show “Most Fuel Efficient” Astra Ever, New Corsa, Hybrid Grandland X In Frankfurt

Opel is playing on its home ground on this one, so it’s only natural to go with all guns blazing as it’s making its comeback.

Family Matters: 2019 Audi TTS Takes On First-Gen R8 4.2 FSI

A used, V8-powered R8 costs about as much as a brand new 2019 TTS Coupe, but which one is faster?.