Renault, Nissan to reboot alliance with new general secretary


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Renault, Nissan to reboot alliance with new general secretary

Japanese carmaker Nissan and Mitsubishi alongside French Renault had been planning to appoint a new general secretary in a bid to boost cooperation and a much-required restart of their JV that was shattered following arrest and dismissal of formal alliance boss Carlos Ghosn just more than a year earlier over accusations of financial misconduct and embezzlement of company fund, proof of which had never been found, but Ghosn was still in house detention for more than six months in Japan after serving another six months in a house of detention in Tokyo with other criminal offenders.

In point of fact, latest move of French carmaker Renault to appoint a new overseer of the alliance came forth, as the French carmaker had been vying to vent out a way to overhaul its broken tie-up with Japanese carmaker Nissan and Mitsubishi which was shaken following Ghosn’s arrest and ousting as beforementioned.

Aside from that, the Ghosn scandal had prodded the alliance partners’ effort to set out industrial projects together, as Nissan’s operating profit took a header of more than 90 per cent in Q3, 2019 amid a waning auto demands, while citing that the alliance executive’s job would be to oversee major alliance projects, the group said in a joint statement, “This alliance executive will be key for coordinating and facilitating several major alliance projects that are to be launched to accelerate business efficiencies for the respective companies. ”