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OEMs remain “fully committed” to Alliance

The three automotive original equipment manufacturers (OEMs) that form the Renault–Nissan–Mitsubishi Alliance have issued a joint-statement confirming their ongoing commitment to the cross-party agreement.

Carlos Ghosn, the chairman and chief executive of the Alliance, was arrested at Tokyo’s Haneda Airport on November 19 for allegedly under-reporting his earnings to the tax authorities in Japan. The Nissan and Mitsubishi boards both dismissed him as their chairman in the week that followed.

Renault made no similar move, but the future of the Alliance, which Mr Ghosn put together and, in the eyes of many, held together, appeared to be in doubt. In the joint-statement, issued on November 29, they said: “Over the past few days, the board of directors of Renault, Nissan and Mitsubishi have all, individually and collectively, emphatically reiterated their strong commitment to the Alliance.”

They said the Alliance has achieved “unparalleled success” in the past two decades and insisted they all remain “fully committed” to it.

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