Carmakers announced a joint board

YOKOHAMA : Carmakers Renault, Nissan and Mitsubishi Motors announced the creation of a joint board Tuesday as they seek to plot a future for their alliance after the downfall of former boss Carlos Ghosn.
The new board structure will be headed by Renault Chairman, Jean-Dominique Senard and replaces two previous bodies based in Netherlands – one joining Renault and Nissan, the other combining Nissan and Mitsubishi Motors.
“We have decided to join our forces again to enhance the strength of our collaboration,” Senard told reporters. This is a “new start” for the alliance, added the Frenchman.
Senard also announced he would “not be seeking” to replace Ghosn as the Head of Nissan but would be a “clear candidate” to be the vice-president of the company.
Current Nissan boss, Hiroto Saikawa said the new board represented “a true partnership on equal footing.” Ghosn, recently released on bail in Japan ahead of a trial over alleged financial misconduct, is widely credited with creating the three-way alliance, which now outsells all other rival groups.
As boss of Renault, he took what many observers at the time thought was a gamble by saving Nissan from the brink of bankruptcy and tying it to the French firm.

(Agencies)