Renault, Nissan, Mitsubishi Reaffirm Commitment to Alliance

Economy

Amsterdam, Nov. 29 (Jiji Press)--French automaker Renault SA and its Japanese partners, Nissan Motor Co. <7201> and Mitsubishi Motors Corp. <7211>, on Thursday reaffirmed their full commitment to the three-way alliance.

"We remain fully committed" to the alliance, the three companies said in a joint statement following the first talks among their top executives since the arrest in Japan of Carlos Ghosn, who had been leading the Japanese-French partnership.

Ghosn was arrested by Japanese prosecutors on Nov. 19 for allegedly understating his compensation at Nissan.

In the statement, the companies stressed that the alliance "has achieved unparalleled success in the past two decades."

The tripartite talks, held along with a meeting of the alliance's umbrella firm based in Amsterdam, were participated in via a teleconference system by Nissan President and Chief Executive Officer Hiroto Saikawa, Mitsubishi CEO Osamu Masuko, and Renault deputy CEO Thierry Bollore.

[Copyright The Jiji Press, Ltd.]

Jiji Press