Nissan, Renault & Mitsubishi Motors to meet in Japan

Posted By on May 23, 2019

23 May 2019 – The new management body of Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. will hold its second round of meetings next week in Japan, a Nissan official said earlier today.

The meeting, the first since April, will be held next Wednesday in the suburbs of Tokyo, with Renault Chairman Jean-Dominique Senard and senior figures from the two Japanese automakers possibly attending, the official said.

In March, the three carmakers said they would set up the new structure after criticizing the previous management format in which a lot of power was centered on Carlos Ghosn, arrested by Japanese prosecutors six months ago for alleged financial misconduct.

When the first meeting was held at Renault’s headquarters in Boulogne-Billancourt in the suburbs of Paris, it was chaired by Senard and joined by Nissan CEO Hiroto Saikawa, Renault CEO Thierry Bollore and Mitsubishi Motors CEO Osamu Masuko.

Ghosn was chairman at all three companies, and CEO of Renault and Renault-Nissan B.V., overseeing their alliance when arrested last Nov. 19.

With the new management structure, the three automakers aim to increase the synergy benefits of the alliance, the second-largest auto group by global vehicle sales.