Nissan, Renault, Mitsubishi Motors Agree To Form New Venture For Advanced R&D
Highlights
The Nissan Motor Co, Renault and Mitsubishi Motors Corp alliance has agreed to form a new company focused on research and development of advanced automotive technologies, Kyodo News said. The three companies will announce a concrete plan in January, Kyodo reported on Sunday, citing people familiar with the matter. The new venture also aims to strengthen the alliance, in which relationships have frayed since the arrest and ouster of former supremo Carlos Ghosn, according to the report.
Renault, Nissan and Mitsubishi plan to appoint a general secretary to the helm of their partnership to boost cooperation and reboot joint operations. A new leadership team was installed at Nissan from Sunday, headed by 53-year-old Makoto Uchida, who ran the automaker's China business. Renault is also looking for a new chief executive, with the head of finance, Clotilde Delbos, in charge on an interim basis.
Ghosn was arrested a year ago in Tokyo on charges of financial misconduct, which he denies. Nissan did not immediately respond to requests for comment.
Great Deals on Used Cars
View All Used Cars- 46,324 km
- Petrol
- AMT
- 35,000 km
- Petrol+CNG
- Manual
- 29,065 km
- Diesel
- Manual
- 19,000 km
- Diesel
- Automatic
- 16,178 km
- Diesel
- Automatic
- 19,398 km
- Diesel
- Manual
- 13,870 km
- Petrol
- Manual
- 19,798 km
- Petrol
- Manual
- 25,279 km
- Diesel
- AMT
- 7,000 km
- Petrol
- Automatic
Upcoming Cars
Upcoming Bikes
Explore More
Latest News
Related Articles
Trending Vehicles In India
- Home
- News
- Upcoming Cars
- Nissan, Renault, Mitsubishi Motors Agree To Form New Venture For Advanced R&D