Nissan, Renault and Mitsubishi Motors to maintain alliance – Chosun.com

Entry 2018.11.29 21:17

Nissan, Renault and Mitsubishi Motors have agreed to maintain an alliance, NHK reported on Tuesday.

In the afternoon, Hiroko Saikawa, President of Nissan Motor Co., Chief Executive Officer, Thierry Bolero Lerno, and Chief Executive Officer, Masuko Osamu, of Mitsubishi Motors, confirmed their joint desire to hold meetings and meetings. maintain alliances via videoconference.

"The boards of directors of the three companies have focused on maintaining close ties between the alliances," the three companies said in a joint statement. "These three alliances have enjoyed unprecedented success for twenty years and will continue to do so to maintain their alliance."

The meeting took place for the first time since the arrest of Carlos Ghosn, president of the Renault car company and Mitsubishi Motors, for alleged misconduct, such as reduction of compensation. Gon was to be fired from Nissan and Mitsubishi Motors.

The issue of governance between the three companies was not addressed. With Gon's arrest, the issue of governance between the three companies was seriously raised. In Nissan, Renault said it should review its stake in more than 43% of Nissan's stakes and voting rights. Nissan holds a 15% stake in Renault but has no voting rights.

However, Renault is asking the government to maintain its current governance structure and that the French government, Renault's main shareholder, also refuses to change Renault's current stake.