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Nissan Denies Plans to Split with Renault

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 14 January 2020.

On January 14, 2020, Nissan firmly denied reports of a potential split with its French partner Renault, following the Carlos Ghosn scandal.

The reports, published by Britain's Financial Times, suggested that senior executives at Nissan were speeding up work on secret plans for a potential parting of ways with Renault.

However, Nissan's statement insisted that the alliance with Renault was 'the source of Nissan's competitiveness' and that it would continue to deliver '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 jumped bail in Japan and fled to Lebanon, 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.

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

Senard also expressed his frustration at the leaks, saying, 'I ask myself, where does this sort of information come from? I am not sure it comes from a place of goodwill.'

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