Renault in talks with Nissan and Mitsubishi over new alliance body

French automaker Renault stated on Monday that it was in talks with its partners Nissan and Mitsubishi in relation to a new alliance body for the three companies.

“In response to latest press reports, Renault confirms that it is in discussions with its Alliance partners Nissan Motor and Mitsubishi Motor regarding the establishment of a new Alliance body in order to enhance and ensure further collaboration,” Renault stated.

“The proposed arrangement will have no effect on the existence of the RAMA (Restated Alliance Master Agreement), and the cross-shareholding structure, that will both remain in place,” Renault added.