Mitsubishi is optimistic the alliance with Nissan-Renault will hold despite Ghosn scandal
There have been fears the tripartite arrangement would collapse after the chair’s ignominious axing
A senior executive at Mitsubishi says the company’s alliance with Nissan and Renault can survive management upheaval, a day after it fired Carlos Ghosn as chair over financial misconduct allegations. The future of the 19-year alliance, one of the biggest automotive groups in the world, has been thrown into doubt after the November 19 arrest and subsequent ousting of Ghosn as chair of both Nissan and Mitsubishi. Ghosn, 64, is the architect of the alliance and its chair. He also remains CEO and chair of Renault. Senior executives of the alliance are due to meet for their regularly scheduled gathering later this week in Amsterdam that sources said would start on Wednesday. Executives are also expected to discuss Ghosn’s chairmanship of the alliance, one source at Nissan said, seeking anonymity because the contents of the meeting are not public. Mitsubishi CEO Osamu Masuko said on Monday he would join the meeting via video link, while Nissan CEO Hiroto Saikawa, who remains in Japan, has...
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