Renault-Nissan to reboot auto alliance

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Renault, Nissan, and Mitsubishi prepare to appoint a general secretary at the helm of their collaboration to increase cooperation and reboot joint operations following the departure of former alliance CEO Carlos Ghosn.

France’s Renault is attempting to fix relations with its Japanese partners after they were shaken following the arrest of Ghosn in Tokyo a year ago on financial misconduct charges, which Ghosn has rejected.

The scandal disrupted efforts to present the industrial projects together and find cost savings – progressively important as global auto demand falters – as Renault and Nissan modify their teams in an attempt to stabilize their business.

“This alliance executive will be key for coordinating and facilitating several major alliance projects that are to be introduced to accelerate business efficiencies for the respective companies,” the groups stated.

A source close to Renault stated the future general secretary had been recruited as of now, describing him as francophone, but refused to provide further details.

The new head of the three-pronged partnership would be reporting to the Alliance Operating Board and the group CEOs in a departure from the structure where Carlos Ghosn was an all-powerful figure.

Set up in April, the new Alliance Operating Board is an important element of a revamped corporate governance structure which was set in motion by Renault and alliance president Jean-Dominique Senard.

This alliance alternates its monthly meetings between France and Japan.

A source at Renault stated that a future common platform for electric vehicles will among the alliance board’s important targets.

Renault is also searching for a new CEO. Financial chief Clotilde Delbos has currently taken on the position on an interim basis.

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