Nissan, Renault, Mitsubishi to Have 2-Day Talks from Thurs.

Economy

Tokyo, Feb. 26 (Jiji Press)--Executives of Nissan Motor Co. <7201>, Renault SA and Mitsubishi Motors Corp. <7211> will hold a regular meeting for two days from Thursday, informed sources have said.

The talks will be held in Paris, where Renault has its headquarters, according to the sources.

The three alliance partners are expected to reconfirm their business cooperation, as they are working to rebuild their ties following the arrest and indictment in Japan of former alliance boss, Carlos Ghosn, for alleged financial misconduct, the sources said.

The previous regular meeting took place for two days through Feb. 1 in the Netherlands, where a Nissan-Renault joint venture overseeing their partnership is located. Renault Chairman Jean-Dominique Senard, who took office in late January, and Nissan President Hiroto Saikawa held their first face-to-face meeting on the fringe of the three-way talks.

During his visit to Japan earlier this month, Senard had a meeting with Saikawa and Mitsubishi Chief Executive Officer Osamu Masuko.

[Copyright The Jiji Press, Ltd.]

Jiji Press