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    Mitsubishi Motors

Mitsubishi Motors

The arrest of Renault and Nissan chairman Carlos Ghosn in Japan on alleged financial misconduct charges will have as yet unknown and far-reaching consequences for the individual companies and the broader alliance. Mitsubishi is effectively controlled by Nissan and this will in turn intensify now as Nissan seeks to distance itself from Renault; in parallel, Renault may simultaneously try to exercise greater control over Nissan and thereby over Mitsubishi. However, whether it will be able to do this, despite its 43% stake in Nissan, remains to be seen. Political pressure and the Japanese legal and financial framework may stymie Renault?s abilities here. Our provisional view is that the alliance is unlikely to survive in the long run but the process of separating the companies into fully independent entities will be slow and costly for all concerned.

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