Renault, Nissan, Mitsubishi agree to form new entity for self-driving R&D


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Renault, Nissan, Mitsubishi agree to form new entity for self-driving R&D

Alliance partner of French carmaker Renault SA, Japan’s Mitsubishi Motors alongside Nissan Motors Co., had agreed to create a company for research and development of advanced autonomous driving technology, a Kyodo News report published on Sunday, the 1st of December 2019, had revealed citing sources familiar with the subject-matter.

Besides, the non-profit, Tokyo-based news agency, Kyodo, had also added on Sunday (December 1st) that the three companies would announce a concrete self-driving R&D plan as early as by next month, while the new venture of crisis-sickened alliance partners, Nissan, Renault and Mitsubishi, relations among which were tearing apart following arrest and dismissal of former alliance boss, Carlos Ghosn, a Brazil-borne dual-citizen of France and Cyprus, on November 19th, 2018, over charges of embezzlement of Nissan’s fund on personal usage alongside other financial misconducts, would likely to centre its focus more on to strengthening tie-ups, the report added.

Apart from that, latest development on Nissan-Renault-Mitsubishi alliance comes over the heels of a media headline released later this week saying the leading global automakers were set to appoint a general secretary in order to reboot relationship and to boost up cooperation after a tentative year of weaker sales and of corroded commitments.