cellcard cellcard

Nissan denies reported plans to split with Renault

AFP / Share:
nissan

AFP – Nissan is “in no way” planning to end its partnership with Renault, the Japanese auto giant insisted Tuesday after a report suggested a divorce was possible in the wake of the Carlos Ghosn scandal.

Britain’s Financial Times, citing “several people with knowledge of the matter”, said Monday that said senior executives at the scandal-hit firm were speeding up work on secret plans for a potential parting of ways with France’s Renault.

But in a statement, Nissan firmly denied the claims. “Nissan is in no way considering dissolving the alliance,” the statement said.

“The alliance is the source of Nissan’s competitiveness,” the firm said, adding that it will look to continue delivering “win-win results for all member companies.”

The partnership, which also includes Japan’s Mitsubishi Motors, has been troubled since the shock arrest of its former chief Ghosn on charges of financial misconduct.

Ghosn, who last month jumped bail in Japan and fled to Lebanon.

He claims the charges against him were cooked up by disgruntled Nissan executives hoping to block his plans to more closely integrate the automaker with Renault.

In a news conference in Lebanon, he claimed the alliance was now on the rocks and directionless.

The alliance’s new chief, Jean-Dominique Senard, earlier hit back at the reports of a planned split, telling Belgian daily L’Echo the claims had “no connection to the current situation of the alliance”.

“The Renault-Nissan alliance is not dead! Soon we will show you why,” he said in an interview published yesterday.

“I ask myself, where does this sort of information come from? I am not sure it comes from a place of goodwill,” Senard said.

Previous Article

Public bidding for mining licences starts

Next Article

US Treasury removes currency manipulator label on China