Nissan Pres., Renault Chm. to Have 1st Talks in Netherlands

Economy

Tokyo, Jan. 30 (Jiji Press)--Nissan Motor Co. <7201> President Hiroto Saikawa and Renault SA's new Chairman Jean-Dominique Senard are slated to have their first face-to-face talks in the Netherlands, informed sources said Wednesday.

The two will meet on the sidelines of a regular executive meeting there from Thursday of the Japanese-French automotive alliance, also involving Mitsubishi Motors Corp. <7211>, according to the sources.

The company leaders are expected to confirm their commitment to maintaining the partnership.

Mitsubishi Motors Chief Executive Officer Osamu Masuko is likely to join the talks via a teleconference system from Japan, the sources said.

Senard was appointed to the Renault chairman post only last week, following the recent resignation of former Chairman and CEO Carlos Ghosn. He led the three-way alliance until being arrested in Japan last November on charges of financial misconduct.

[Copyright The Jiji Press, Ltd.]

Jiji Press