Saikawa, Senard Confirm Nissan-Renault-Mitsubishi Alliance

Economy

Amsterdam, Jan. 31 (Jiji Press)--Nissan Motor Co. <7201> President Hiroto Saikawa and new Renault SA Chairman Jean-Dominique Senard, at their first meeting, held in the Netherlands on Thursday, confirmed their intention to maintain the alliance among the two firms and Mitsubishi Motors Corp. <7211>.

The Saikawa-Senard talks, which took place on the sidelines of a regular meeting among senior officials from the three companies, came after the new management team of Renault was launched on Jan. 24 following the resignation of disgraced Carlos Ghosn as chairman and chief executive officer of the major French automaker.

In the top management reshuffle at Renault, Senard, hailing from French tire giant Michelin, took up the post of chairman, while Thierry Bollore was promoted to CEO from deputy CEO of the automaker.

Nissan and Renault are reported to be fiercely vying for leadership of the alliance, which has been shaken following the arrest and indictment of Ghosn in Japan for alleged financial misconduct. Close attention has been paid to whether the Saikawa-Senard meeting would help improve the Nissan-Renault ties.

Nissan plans to seek approval for the appointment of Senard to the board of the major Japanese automaker, at an extraordinary meeting of its shareholders to be held in mid-April.

[Copyright The Jiji Press, Ltd.]

Jiji Press