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February 1, 2019

Renault-Nissan remain committed to global alliance

Renault and Nissan Motor both reaffirmed their commitment to maintaining the alliance at a formal shareholders’ meeting held in Amsterdam this week, the first such meeting to be held since the arrest of the now deposed group CEO Carlos Ghosn last November following allegations of financial misconduct.

By bcusack

Renault and Nissan Motor both reaffirmed their commitment to maintaining the alliance at a formal shareholders’ meeting held in Amsterdam this week, the first such meeting to be held since the arrest of the now deposed group CEO Carlos Ghosn last November following allegations of financial misconduct.

The Renault -Nissan-Mitsubishi alliance was the second largest global vehicle manufacturing group last year with 10.76m vehicle sales worldwide.

The two-day meeting, which ends on Friday, is held periodically in the Dutch capital between members of the alliance, including Mitsubishi Motors .

The Netherlands is the location of a holding company jointly-owned by Renault and Nissan.

Nissan CEO Hiroto Saikawa and Renault chairman Jean-Dominique Senard have so far held back from making any major structural changes to the group, such as changes in major shareholdings and even a full merger between the two companies – which Renault is understood to have been planning before the arrest of Ghosn.

One Nissan official said the primary objective of the two-day event was to build personal and strengthen relationships between alliance leaders.

Mitsubishi Motors chairman and CEO Osamu Masuko joined the meeting via video conference call. He told reporters in Tokyo the heads of the three automakers agreed to hold discussions more regularly.

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