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Renault's acting president says alliance with Nissan "not dead"

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Renault's acting president says alliance with Nissan "not dead"

"The Renault-Nissan alliance is not dead. We will demonstrate it soon," said Jean-Dominique Senard (pictured), in an interview with the Belgian daily newspaper L'Echo, quoted by France-Presse, underlining that news about a alleged separation between the two car makers "has no connection to current reality." The Financial Times newspaper reported Monday that Nissan was making contingency plans for a possible breakdown of the alliance with the French Renault after the fall. former group chairman Carlos Ghosn.The daily indicates that Nissan wants to separate engineering and production departments and make changes to the board, plans that accelerated after Carlos Ghosn's December 30 flight from Japan, where it should be tried for financial offenses.

After fleeing to Lebanon, the manager reported that he was the target of alleged political persecution and accused Nissan and the Japanese authorities of attacking him, defending his innocence.

Preparations to materialize a possible separation highlight the tension in the Renault-Nissan-Mitsubishi strategic alliance forged two decades ago and chaired by Ghosn, according to the newspaper.

However, Jean-Dominique Senard said there was a "cordial understanding" between Renault, Nissan and Mitsubishi Motors group leaders to advance "the alliance in the right direction".

"No leader of our three groups doubts the fundamental utility of the alliance," Senard reiterated, adding that "the potential" of the alliance "is considerable."

The Financial Times pointed out that a total breakdown of the alliance would force Mitsubishi's majority shareholder Nissan and Renault to look for other partners in a context of declining sales and increased spending due to the transition to electric vehicles.

In the meantime, Carlos Ghosn appealed to Renault for compensation for his departure from the company, AFP said, citing concurring sources who confirmed a report from Le Figaro newspaper.

The dispute concerns a retirement severance payment of EUR 249,999.99, an amount which was not paid to him when he resigned from the company in January 2019 at a time when he was still in Japan.

Ghosn's defense says, however, that the manager did not resign and was obliged to inform the company of his retirement as he was prevented from running the group after being detained in Japan in November. 2018.

Since early December, Nissan has a new Managing Director, Makoto Uchida, as well as a new Chief Operating Officer, Ashwani Gupta, two alliance-friendly personalities.

However, the dismissal of Nissan 'number three' Jun Seki in late December rekindled the fear of persistent internal divisions within the Japanese group.

(tagsToTranslate) Jean-Dominique Senard (t) Renault-Nissan (t) Nissan and Mitsubishi Motors (t) Japan (t) Carlos Ghosn

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