Health

Nissan denies rumours of plan to divorce from Renault

Issued on: Modified:

Japanese auto giant Nissan is “in no way” planning to end its partnership with Renault, the Japanese automaker insisted Tuesday after a report suggested a divorce was possible in the wake of the Carlos Ghosn scandal.

Advertising

Read more

Britains Financial Times, citing “several people with knowledge of the matter”, said Monday that said senior executives at the scandal-hit firm were speeding up work on secret plans for a potential parting of ways with Frances Renault.

But in a statement, Nissan firmly denied the claims. “Nissan is in no way considering dissolving the alliance,” the statement said.

“The alliance is the source of Nissans competitiveness,” the firm said, adding that it would look to continue delivering “win-win results for all member companies.”

The partnership, which also includes Japans Mitsubishi Motors, has been troubled since the shock arrest of its former chief Ghosn on charges of financial misconduct.

Ghosn, who last month jumped bail in Japan and fled to Lebanon, claims the charges against him were cooked up by disgruntled Nissan executives hoping to block his plans to more closely integrate the automaker with Renault.

In a news conference in Lebanon, he claimed the alliance was now on the rocks and directionless.

The alliances new chief, Jean-Dominique Senard, earlier hit back at the reports of a planned split, telling Belgian daily LEcho the claims had “no connection to the current situation of the alliance”.

“The Renault-Nissan alliance is not dead! Soon we will show you why,” he said in an interview published Tuesday.

“I ask myself, where does this sort of informaRead More – Source

Related Posts