Renault, Nissan say alliance isn’t headed for breakup
TOKYO/PARIS — Renault and Nissan denied media reviews of a possible break-up that despatched their shares skidding to multiyear lows.
The automakers stated their alliance, which was shaken even additional by the dramatic escape of former chairman Carlos Ghosn from trial in Japan, was in no hazard of being dissolved.
“The alliance is the supply of Nissan’s competitiveness,” Nissan stated in a press release Tuesday, pushing again in opposition to reviews that its executives have checked out the opportunity of breaking with the worldwide carmaking partnership.
“By way of the alliance, to realize sustainable and worthwhile development, Nissan will look to proceed delivering win-win outcomes for all member corporations,” the assertion stated.
Renault Chairman Jean-Philippe Senard informed Belgian newspaper L’Echo that the alliance is “stable, strong, every thing however lifeless.”
French Finance Minister Bruno Le Maire additionally weighed in, saying reviews some executives needed to interrupt up the alliance have been “malicious.”
Renault shares hit…