Renault, Nissan and Mitsubishi say no to merger but yes to closer co-operation
Cutting the alliance’s vehicle ranges by 20%, pooling manufacturing by region and capitalising on joint designs, is a sort of ‘peace treaty’
27 May 2020 - 17:26
Paris/Tokyo — Renault, Nissan Motor and Mitsubishi Motors ruled out a merger on Wednesday and doubled down on a plan to co-operate more closely on car production to save costs and salvage their troubled alliance.
The companies have been hit hard by the coronavirus pandemic just as they were trying to rework their partnership following the arrest of its chief architect, Carlos Ghosn, who had been pushing for a merger despite stiff resistance from Nissan...
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