Nissan, Renault, Mitsubishi Motors hold the first meeting of new management body in France

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

The new management body of Nissan Motor, Renault SA and Mitsubishi Motors held its first meeting Friday and started discussing ways to improve the alliance following multiple arrests of former Chairman Carlos Ghosn. Nissan CEO Hiroto Saikawa, Renault CEO Thierry Bollore and Mitsubishi Motors CEO Masuko Osamu participated in the meeting, which was chaired by […]

Renault in talks with Nissan and Mitsubishi over new alliance body

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

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 […]

Carlos Ghosn received $9 million from Nissan-Mitsubishi JV

Carlos Ghosn Renault-Nissan

Carlos Ghosn inappropriately received $9 million in compensation from a joint venture (JV) between Nissan Motor and Mitsubishi Motors, the Japanese automakers stated on Friday, raising the possibility of their ousted chairman facing a fresh charge of embezzlement. In the recent twist to the saga of the once-feted official’s fall from grace, the automakers have […]

Nissan board reassures alliance with Renault and Mitsubishi

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Nissan’s board remains committed to the automaker’s alliance with Renault and Mitsubishi Motors, it stated after directors met to talk about the ongoing investigation into former chairman Carlos Ghosn and ways to strengthen governance. A board statement after Thursday’s meeting included that it also decided on an interim process to figure out executive remuneration and […]

Mitsubishi says Nissan-Renault alliance is able to survive turmoil

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

A senior executive at Mitsubishi Motors stated on Tuesday its alliance with Nissan and Renault is able to survive management upheaval, a day following elimination of Carlos Ghosn as chairman over financial misconduct allegations. The future of the 19-year alliance, among the biggest automotive groups in the world, has been thrown into doubt following the […]

Mitsubishi Motors executive underlines significance of alliance with Nissan, Renault

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

A top executive at Mitsubishi Motors stated on Tuesday that the days of a single automaker being able to make new technologies on its own were going away, stressing the importance of its alliance with Nissan Motor and Renault. Mitsuhiko Yamashita, an executive vice president at Mitsubishi Motors who used to serve as Nissan’s top […]

Mitsubishi CEO says it is difficult to manage car alliance without Ghosn

Mitsubishi Mirage G4 images

The Renault, Nissan and Mitsubishi car alliance may be difficult to handle without the unifying figure of chairman Carlos Ghosn, who is police custody in Japan dealing with financial misconduct allegations, Mitsubishi Motors CEO Osamu Masuko stated on Tuesday. “I don’t think there is anyone else on Earth like Ghosn who could run Renault, Nissan […]

‘Zero’ chance of Renault taking over Nissan, Mitsubishi, says CEO Ghosn

Carlos Ghosn Renault-Nissan

Renault SA absorbing Nissan Motor and Mitsubishi Motors is not an alternative as the automakers seek to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn stated on Friday. “Anybody who will ask Nissan and Mitsubishi to become wholly owned subsidiaries of Renault has no chance of getting a result,” Ghosn informed shareholders […]

Renault-Nissan-Mitsubishi venture capital invests first $50 million in startups

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

The Renault-Nissan-Mitsubishi alliance’s new venture capital fund has accepted five investments in four months amounting $50 million and will present another to its supervisory board in the upcoming week, the fund’s head stated. The alliance stated in January it was establishing the fund with strategies to invest about $1 billion over five years, the recent […]

Renault-Nissan-Mitsubishi to accelerate collaborations in major areas

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

The Renault-Nissan-Mitsubishi alliance stated it would accelerate the merging in between the three companies on how they work in crucial areas, as part of a broader plan to deliver cost savings and increase revenues. The alliance stated it would be planning to extend its convergence in the areas of buying, engineering, production and supply chains, […]

Mitsubishi evaluating how Kobe Steel parts impacted by false data

Mitsubishi motors logo

Mitsubishi Motors is checking how components from providers including Kobe Steel Ltd parts have been impacted by the steelmaker’s falsified information on product quality, the chief executive of the automaker stated on Wednesday. “The number of parts from suppliers which we’ve been informed have been impacted by the Kobe Steel issue has been increasing, and […]

Nissan Motors increases management presence at Mitsubishi Motors

Mitsubishi Motors and Nissan

Mitsubishi Motors stated an extra four Nissan executives would join its management team as Nissan grips its control over the smaller automaker where it took a controlling stake in 2016. The statement is part of Mitsubishi Motor’s efforts to reconstruct its management system after it confessed in 2016 that it had overemphasized the mileage on […]

Mitsubishi will possibly share pickups with Nissan

Mitsubishi Motors and Nissan

Mitsubishi and its new parent Nissan are studying joint production of pickup trucks in Southeast Asia as they try to find savings under the wider Renault-Nissan alliance, a senior executive informed Reuters. The Japanese groups could pool technical foundations and production of future replacements for the Thai-built Nissan Navara and Mitsubishi Triton, Mitsubishi Chief Operating […]